HB464
Retail Sales and Use Tax; exemptions for nonprofit entities.
Summary
As Passed Both Chambers. 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.-
Bill History
- 01/08/2024 - House: Prefiled and ordered printed; offered 01/10/24 24103578D
- 01/08/2024 - House: Referred to Committee on Finance
- 02/02/2024 - House: Assigned Finance sub: Subcommittee #2
- 02/02/2024 - House: Impact statement from TAX (HB464)
- 02/06/2024 - House: House subcommittee amendments and substitutes offered
- 02/06/2024 - House: Subcommittee recommends reporting with amendments (8-Y 0-N)
- 02/07/2024 - House: Reported from Finance with amendment(s) (18-Y 1-N)
- 02/09/2024 - House: Read first time
- 02/12/2024 - House: Read second time
- 02/12/2024 - House: Committee amendments agreed to
- 02/12/2024 - House: Engrossed by House as amended HB464E
- 02/12/2024 - House: Printed as engrossed 24103578D-E
- 02/13/2024 - House: Read third time and passed House (94-Y 5-N)
- 02/13/2024 - House: VOTE: Passage (94-Y 5-N)
- 02/14/2024 - Senate: Constitutional reading dispensed
- 02/14/2024 - Senate: Referred to Committee on Finance and Appropriations
- 02/20/2024 - House: Impact statement from TAX (HB464E)
- 02/27/2024 - Senate: Senate subcommittee amendments and substitutes offered
- 02/27/2024 - Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/27/2024 - Senate: Reported from Finance and Appropriations with amendment (15-Y 0-N)
- 02/28/2024 - Senate: Read third time
- 02/28/2024 - Senate: Reading of amendment waived
- 02/28/2024 - Senate: Committee amendment agreed to
- 02/28/2024 - Senate: Engrossed by Senate as amended
- 02/28/2024 - Senate: Passed Senate with amendment (39-Y 0-N)
- 03/01/2024 - House: Senate amendment agreed to by House (95-Y 1-N)
- 03/01/2024 - House: VOTE: Adoption (95-Y 1-N)
- 03/07/2024 - House: Enrolled
- 03/07/2024 - House: Bill text as passed House and Senate (HB464ER)
- 03/07/2024 - House: Impact statement from TAX (HB464ER)
- 03/07/2024 - House: Signed by Speaker
- 03/08/2024 - Senate: Signed by President
- 03/11/2024 - House: Enrolled Bill communicated to Governor on March 11, 2024
- 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/02/2024 - Governor: Approved by Governor-Chapter 287 (effective 7/1/24)
- 04/02/2024 - Governor: Acts of Assembly Chapter text (CHAP0287)
