HB960
Personal property taxes; valuation, effective clause.
Status:
In Senate
Latest Action:
March 3, 2026
Senate: Continued to next session in Finance and Appropriations (15-Y 0-N)
Chief Patron:
Vivian Watts (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Personal property taxes; valuation.
Requires that tangible personal property employed in a trade or business, other than such property set out for different valuation in current law, shall be valued by means of a percentage or percentages of original cost to the taxpayer. Current law requires such property to be valued only by means ... (More) of a percentage or percentages of original cost. The provisions of this bill do not become effective unless reenacted by the 2027 Session of the General Assembly. (Less)-
Bill History
- 01/13/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26104842D
- 01/13/2026 - House: Referred to Committee on Finance
- 01/21/2026 - House: Fiscal Impact statement From TAX (1/21/2026 8:29 pm)
- 01/23/2026 - House: Placed on Finance Agenda
- 01/27/2026 - House: Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
- 01/27/2026 - House: Placed on Finance Agenda
- 01/28/2026 - House: House subcommittee offered
- 01/28/2026 - House: Reported from Finance with amendment(s) (21-Y 0-N)
- 01/29/2026 - House: House committee offered
- 01/30/2026 - House: Read first time
- 02/02/2026 - House: Read second time
- 02/02/2026 - House: committee amendment agreed to
- 02/02/2026 - House: Engrossed by House as amended
- 02/03/2026 - House: Read third time and passed House (98-Y 0-N 0-A)
- 02/04/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/04/2026 - Senate: Referred to Committee on Finance and Appropriations
- 02/17/2026 - House: Fiscal Impact statement From TAX (2/17/2026 4:03 pm)
- 03/03/2026 - Senate: Continued to next session in Finance and Appropriations (15-Y 0-N)
