Tangible personal property tax; exemption for indoor agriculture equipment and machinery.
It became law on Mar 14, 2024.
- Stage
- Became law
- Started in
- House
- Latest action
- Mar 14, 2024
What it does
Tangible personal property tax; indoor agriculture equipment and machinery. Specifies that farm machinery, farm equipment, and farm implements used by an indoor, closed, controlled-environment commercial agricultural facility are a class of farm machinery and farm implements that a locality may exempt from personal property taxation. This bill incorporates HB 384 and is identical to SB 483.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
Where it goes next
Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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