2022 Regular Session • Virginia Legislature
SB701: Retail Sales and Use Tax; extends sunset date for exemption of aircraft components.
Legislative Summary
Sales and use tax exemption; aircraft components. Extends the sunset date for the sales and use tax exemption for parts, engines, and supplies used for maintaining, repairing, or reconditioning aircraft or any aircraft's avionics system, engine, or component parts from July 1, 2022, to July 1, 2025. The bill also restricts the exemption for manned systems to aircraft with a maximum takeoff weight of at least 2,400 pounds.
Bill History
1/21/2022
Presented and ordered printed 22104399D
Senate
1/21/2022
Referred to Committee on Finance and Appropriations
Senate
2/1/2022
Committee substitute printed 22105693D-S1
Senate
2/1/2022
Reported from Finance and Appropriations with substitute (15-Y 0-N)
Senate
2/2/2022
Constitutional reading dispensed (40-Y 0-N)
Senate
2/3/2022
Read second time
Senate
2/3/2022
Reading of substitute waived
Senate
2/3/2022
Committee substitute agreed to 22105693D-S1
Senate
2/3/2022
Engrossed by Senate - committee substitute SB701S1
Senate
2/4/2022
Read third time and passed Senate (39-Y 0-N)
Senate
2/18/2022
Placed on Calendar
House of Delegates
2/18/2022
Read first time
House of Delegates
2/18/2022
Referred to Committee on Finance
House of Delegates
2/21/2022
Reported from Finance (22-Y 0-N)
House of Delegates
2/23/2022
Read second time
House of Delegates
2/24/2022
Read third time
House of Delegates
2/24/2022
Passed House BLOCK VOTE (99-Y 0-N)
House of Delegates
2/24/2022
VOTE: Block Vote Passage (99-Y 0-N)
House of Delegates
2/28/2022
Enrolled
Senate
2/28/2022
Bill text as passed Senate and House (SB701ER)
Senate
2/28/2022
Signed by President
Senate
2/28/2022
Signed by Speaker
House of Delegates
3/11/2022
Enrolled Bill Communicated to Governor on March 11, 2022
Senate
3/11/2022
Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022
4/8/2022
Governor: Approved by Governor-Chapter 228 (effective 7/1/22)
4/8/2022
Governor: Acts of Assembly Chapter text (CHAP0228)
Amendments
Substitute for SB701 for S-Finance and Appropriations
Substitute for SB701 for S-Finance and Appropriations
2/1/2022Not Adopted
Roll Call Votes
House: VOTE: Block Vote Passage (99-Y 0-N)
2/24/2022
99
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
House: Reported from Finance (22-Y 0-N)
2/21/2022
22
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Read third time and passed Senate (39-Y 0-N)
2/4/2022
39
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Senate: Constitutional reading dispensed (40-Y 0-N)
2/2/2022
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
2/1/2022
15
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Passed(4/8/2022)
Chamber
Senate
Sine DiePrior Session
Sponsors
Republican: 1
Primary Sponsor
Jennifer Kiggans
Republican