SB 268

  • Virginia Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Jan 03, 2020
  • Passed Senate Jan 24, 2020
  • Passed House Feb 17, 2020
  • Signed by Governor Mar 06, 2020

Retail Sales and Use Tax; exemption for certain gun safes.

Abstract

Sales tax exemption; gun safes. Establishes an exemption from retail sales tax for a gun safe with a selling price of $1,500 or less. The bill defines "gun safe" as a safe or vault that is (i) commercially available, (ii) secured with a digital or dial combination locking mechanism or biometric locking mechanism, and (iii) designed for the storage of a firearm or of ammunition for use in a firearm. Under the bill, "gun safe" does not include a glass-faced cabinet. This bill is identical to HB 888.

Sales tax exemption; gun safes. Establishes an exemption from retail sales tax for a gun safe with a selling price of $1,000 or less. The bill defines a gun safe as a safe or vault that is (i) commercially available, (ii) secured with a digital or dial combination locking mechanism or biometric locking mechanism, and (iii) designed for the storage of a firearm or of ammunition for use in a firearm. Under the bill, a gun safe does not include a glass-faced cabinet. The bill sunsets on July 1, 2025.

Sales tax exemption; gun safes. Establishesan exemption from retail sales tax for a gun safe with a selling price of $1,000 or less. The bill defines a gun safe as a safe orvault that is (i) commercially available, (ii) secured with a digitalor dial combination locking mechanism or biometric locking mechanism,and (iii) designed for the storage of a firearm or of ammunitionfor use in a firearm. Under the bill, a gun safe does not includea glass-faced cabinet.

Bill Sponsors (2)

Votes


Actions


Mar 06, 2020

Office of the Governor

Approved by Governor-Chapter 191 (effective 7/1/20)

Feb 28, 2020

Senate

Enrolled Bill Communicated to Governor on February 28, 2020

Office of the Governor

Governor's Action Deadline 11:59 p.m., March 6, 2020

Feb 25, 2020

Senate

Signed by President

Feb 24, 2020

Senate

Enrolled

House

Signed by Speaker

Senate

Impact statement from TAX (SB268ER)

Feb 19, 2020

Senate

House substitute agreed to by Senate (31-Y 6-N)

Senate

Title replaced 20108161D-H1

Feb 17, 2020

House

VOTE: Passage (99-Y 1-N)

House

Passed House with substitute (99-Y 1-N)

House

Engrossed by House - committee substitute SB268H1

House

Committee substitute agreed to 20108161D-H1

House

Read third time

Feb 14, 2020

House

Read second time

Feb 12, 2020

House

Reported from Finance with substitute (22-Y 0-N)

House

Placed on Calendar

House

Read first time

House

Referred to Committee on Finance

House

Committee substitute printed 20108161D-H1

Feb 11, 2020

Senate

Impact statement from TAX (SB268E)

Jan 24, 2020

Senate

Read third time and passed Senate (39-Y 0-N)

Jan 23, 2020

Senate

Engrossed by Senate as amended SB268E

Senate

Committee amendment agreed to

Senate

Reading of amendment waived

Senate

Printed as engrossed 20102386D-E

Senate

Read second time

Jan 22, 2020

Senate

Constitutional reading dispensed (40-Y 0-N)

Jan 21, 2020

Senate

Reported from Finance and Appropriations with amendment (15-Y 0-N)

Jan 18, 2020

Senate

Impact statement from TAX (SB268)

Jan 08, 2020

Senate

Moved from Finance to Finance and Appropriations due to a change of the committee name

Jan 03, 2020

Senate

Referred to Committee on Finance and Appropriations

Senate

Prefiled and ordered printed; offered 01/08/20 20102386D

Bill Text

Bill Text Versions Format
Impact statement from TAX (SB268) HTML
Engrossed by Senate as amended SB268E HTML
Engrossed by House - committee substitute SB268H1 HTML
Bill text as passed Senate and House (SB268ER) HTML
Acts of Assembly Chapter text (CHAP0191) HTML

Related Documents

Document Format
Amendment: SB268AS HTML

Sources

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