VirginiaFirearm safety device tax credit; defines commercial retailer.
What it does
Firearm safety device tax credit; definitions. Redefines an "eligible transaction" for purposes of the firearm safety device tax credit as one in which a taxpayer purchases one or more firearm safety devices from a commercial retailer, as defined in the bill. Current law defines "eligible transaction" as one in which a taxpayer purchases one or more firearm safety devices from a federally licensed dealer.
More detail
The provisions of the bill apply to taxable years beginning on and after January 1, 2025. This bill is identical to HB 2595.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 21Acts of Assembly Chapter text (CHAP0303)Latest
- Mar 21Approved by Governor Glenn Youngkin-Chapter 303 (Effective 07/01/25)Became Law
- Mar 3Governor's Action Deadline 11:59 p.m., March 24, 2025To Governor
- Mar 3Enrolled Bill Communicated to Governor on March 3, 2025Minor
- Feb 20Signed by PresidentMajor
- Feb 18Signed by SpeakerMajor
- Feb 18Impact statement from TAX (SB1389)
- Feb 18Bill text as passed Senate and House (SB1389ER)Major
- Feb 18EnrolledMinor
- Feb 13Passed House (96-Y 0-N)Passed House
- Vote recorded Passed House (96-Y 0-N). Result: pass.Lower
- Feb 13Read third timeMinor
- Feb 12Read second timeMinor
- Feb 10Reported from Finance (20-Y 0-N)Minor
- Vote recorded Reported from Finance (20-Y 0-N). Result: pass.Lower
- Feb 6Impact statement from TAX (SB1389)
- Feb 6Referred to Committee on FinanceMinor
- Feb 6Read first timeMinor
- Feb 6Placed on Calendar
- Jan 31Read third time and passed Senate (40-Y 0-N)Passed Senate
- Vote recorded Read third time and passed Senate (40-Y 0-N). Result: pass.Upper
- Jan 30Printed as engrossed 25104924D-E
- Jan 30Engrossed by Senate as amended
- Jan 30Courts of Justice Amendment agreed toMajor
- Jan 30Reading of amendment waived
- Jan 30Read second timeMinor
- Jan 29Passed by for the day
- Vote recorded Constitutional reading dispensed (on 1st reading) (38-Y 0-N). Result: pass.Upper
- Jan 29Constitutional reading dispensed (on 1st reading) (38-Y 0-N)
- Jan 29Rules suspended
- Jan 28Reported from Finance and Appropriations (12-Y 3-N)Minor
- Vote recorded Reported from Finance and Appropriations (12-Y 3-N). Result: pass.Upper
- Jan 22Reported from Courts of Justice with amendment and rereferred to Finance and Appropriations (10-Y 1-N)Minor
- Vote recorded Reported from Courts of Justice with amendment and rereferred to Finance and Appropriations (10-Y 1-N). Result: pass.Upper
- Jan 22Impact statement from TAX (SB1389)
- Jan 13Referred to Committee for Courts of JusticeMinor
- Jan 13Prefiled and ordered printed; Offered 01-13-2025 25104924DIntroduced