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 incorporates HB 1581 and is identical to SB 1389.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 21Acts of Assembly Chapter text (CHAP0289)Latest
- Mar 21Approved by Governor Glenn Youngkin-Chapter 289 (Effective 07/01/25)Became Law
- Feb 18Governor's Action Deadline 11:59 p.m., March 24, 2025To Governor
- Feb 18Enrolled Bill communicated to Governor on February 18, 2025Minor
- Feb 13Signed by PresidentMajor
- Feb 11Impact statement from TAX (HB2595)
- Feb 10Signed by SpeakerMajor
- Feb 10Bill text as passed House and Senate (HB2595ER)Major
- Feb 10EnrolledMinor
- Feb 7Passed Senate (39-Y 0-N)Major
- Vote recorded Passed Senate (39-Y 0-N). Result: pass.Upper
- Feb 7Read third timeMinor
- Feb 6Passed by for the day
- Vote recorded Constitutional reading dispensed (on 2nd reading) (40-Y 0-N). Result: pass.Upper
- Feb 6Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
- Feb 6Rules suspended
- Feb 5Reported from Finance and Appropriations (13-Y 0-N)Minor
- Vote recorded Reported from Finance and Appropriations (13-Y 0-N). Result: pass.Upper
- Feb 3Impact statement from TAX (HB2595)
- Jan 29Referred to Committee on Finance and AppropriationsMinor
- Jan 29Constitutional reading dispensed (on 1st reading)
- Jan 28Passed House (99-Y 0-N)Passed Senate
- Vote recorded Read third time and passed House (97-Y 2-N). Result: pass.Lower
- Vote recorded Passed House (99-Y 0-N). Result: pass.Lower
- Jan 28Reconsideration of passage agreed to by House
- Jan 28Read third time and passed House (97-Y 2-N)Passed House
- Jan 27Moved from Uncontested Calendar to Regular Calendar
- Jan 27Engrossed by House - committee substituteMajor
- Jan 27Finance Substitute agreed to
- Jan 27Read second timeMinor
- Jan 24Read first timeMinor
- Jan 22Committee substitute printed 25105756D-H1Major
- Vote recorded Reported from Finance with substitute (22-Y 0-N). Result: pass.Lower
- Jan 22Incorporates HB1581(Ballard)
- Jan 22Reported from Finance with substitute (22-Y 0-N)Minor
- Jan 21Subcommittee recommends reporting with substitute (8-Y 0-N)Major
- Vote recorded Subcommittee recommends reporting with substitute (8-Y 0-N). Result: pass.Lower
- Jan 21Impact statement from TAX (HB2595)
- Jan 20Assigned Finance sub: Subcommittee #2Minor
- Jan 13Referred to Committee on FinanceMinor
- Jan 13Prefiled and ordered printed; Offered 01-13-2025 25101604DIntroduced