Chris Runion
- Republican
- Delegate
- District 35
Primary
Retail sales and use tax; exemptions for nonprofit entities. Increases from $1 million to $1.5 million the minimum threshold for gross revenue of a nonprofit entity that allows the Department of Taxation to require such entity to provide a financial audit before receiving a federal income tax exemption.
Retail sales and use tax; exemptions for nonprofit entities. Increases from $1 million to $1.5 million the minimum threshold for gross revenue of a nonprofit entity that allows the Department of Taxation to require such entity to provide a financial audit before receiving a federal income tax exemption.
Retail sales and use tax; exemptions for nonprofit entities. Increases from $1 million to $2 million the minimumthreshold for gross revenue of a nonprofit entity that allows theDepartment of Taxation to require such entity to provide a financialaudit before receiving a federal income tax exemption. The bill requiresthat, beginning January 1, 2025, and every five years after thatdate, the $2 million threshold be adjusted according to the Consumer Price Index for food and beverages, all urban consumers (CPI-U) forthe previous five-year period.
Acts of Assembly Chapter text (CHAP0287)
Approved by Governor-Chapter 287 (effective 7/1/24)
Governor's Action Deadline 11:59 p.m., April 8, 2024
Enrolled Bill communicated to Governor on March 11, 2024
Signed by President
Bill text as passed House and Senate (HB464ER)
Signed by Speaker
Impact statement from TAX (HB464ER)
Enrolled
VOTE: Adoption (95-Y 1-N)
Senate amendment agreed to by House (95-Y 1-N)
Reading of amendment waived
Passed Senate with amendment (39-Y 0-N)
Engrossed by Senate as amended
Committee amendment agreed to
Read third time
Constitutional reading dispensed (39-Y 0-N)
Senate subcommittee amendments and substitutes offered
Reported from Finance and Appropriations with amendment (15-Y 0-N)
Impact statement from TAX (HB464E)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed
Read third time and passed House (94-Y 5-N)
VOTE: Passage (94-Y 5-N)
Committee amendments agreed to
Printed as engrossed 24103578D-E
Engrossed by House as amended HB464E
Read second time
Read first time
Reported from Finance with amendment(s) (18-Y 1-N)
Subcommittee recommends reporting with amendments (8-Y 0-N)
House subcommittee amendments and substitutes offered
Impact statement from TAX (HB464)
Assigned Finance sub: Subcommittee #2
Prefiled and ordered printed; offered 01/10/24 24103578D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/10/24 24103578D | PDF HTML |
| Printed as engrossed 24103578D-E | PDF HTML |
| HB464ER | PDF HTML |
| CHAP0287 | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB464FER161.PDF | |
| Fiscal Impact Statement: HB464FE161.PDF | |
| Fiscal Impact Statement: HB464F161.PDF | |
| Amendment: HB464ASE | HTML |
| Amendment: HB464AS | HTML |
| Amendment: HB464AH | HTML |
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