Sales Tax Holiday
Many of you have probably seen the NLS rant against the new sales tax holiday and what it covers and what it doesn't cover. It does look quite ridiculous. Many are wondering why it we are giving tax breaks on diapers but not computers.
I have the answer: The Senate did it, and the House went along with it.
SB571 was patroned by Sen. Ryan McDougle and co-sponsored by Del. Chris Saxman. The original bill said this:
...school supplies, or clothing and footwear designed to be worn on or about the human body, provided that the selling price of each article is $100 or less; (ii) computer systems, provided that the selling price of each system is $1,500 or less; or (iii) computers, computer hardware, computer software, or portable or hand-held calculators, provided that the selling price of each item is $500 or less...
When the bill came out of Senate Finance Cmte (which McDougle is not on) and then the full Senate; the bill said this:
...school supplies including, but not limited to, dictionaries, notebooks, pens, pencils, notebook paper, and calculators, and (ii) clothing and footwear designed to be worn on or about the human body. The tax exemption shall apply to each article of school supplies with a selling price of $20 or less, and each article of clothing or footwear with a selling price of $100 or less...
The House then passed the original version with the computer exemption but it was defeated unanimously in the Senate. A conference committee was formed of Senators McDougle, Hanger and Saslaw and Delegates Parrish, Purkey and Hull. The conference committee essentially agreed on the Senate Finance verison of the bill and it then passed both houses unanimously.
It then appears the governor set the actual items it would entail since it says "including but not limited to..." but I am not positive of this.
I have the answer: The Senate did it, and the House went along with it.
SB571 was patroned by Sen. Ryan McDougle and co-sponsored by Del. Chris Saxman. The original bill said this:
...school supplies, or clothing and footwear designed to be worn on or about the human body, provided that the selling price of each article is $100 or less; (ii) computer systems, provided that the selling price of each system is $1,500 or less; or (iii) computers, computer hardware, computer software, or portable or hand-held calculators, provided that the selling price of each item is $500 or less...
When the bill came out of Senate Finance Cmte (which McDougle is not on) and then the full Senate; the bill said this:
...school supplies including, but not limited to, dictionaries, notebooks, pens, pencils, notebook paper, and calculators, and (ii) clothing and footwear designed to be worn on or about the human body. The tax exemption shall apply to each article of school supplies with a selling price of $20 or less, and each article of clothing or footwear with a selling price of $100 or less...
The House then passed the original version with the computer exemption but it was defeated unanimously in the Senate. A conference committee was formed of Senators McDougle, Hanger and Saslaw and Delegates Parrish, Purkey and Hull. The conference committee essentially agreed on the Senate Finance verison of the bill and it then passed both houses unanimously.
It then appears the governor set the actual items it would entail since it says "including but not limited to..." but I am not positive of this.
posted by GOPHokie @ 12:19 AM
1 Comments:
At 2/16/2008 5:36 AM,
Seo Link Master said…
You need us if you have any of these tax problems: Back
Taxes, Unfiled Returns, Missing Records, Threat of Levy, or, if you need an Installment Agreement or an Offer in Compromise A tax levy or garnishment or attachment are all the same thing. The terms may be used interchangeably. A wage garnishment or levy may be against any asset. In the enforcement of tax collections. We prepare all Federal and State Unfiled tax Returns The Fair Tax Act (HR
25/S 1025) is a bill in the United States Congress for changing Tax Solutions laws to replace the Internal Revenue Service (IRS) and all federal income taxes (including Alternative Minimum Tax), Past due tax returns, Past due tax returns, Past due returns, Past due taxes, Unpaid tax, Tax negotiation, Wage levy, Robert M. Adams, Bob Adams, Try to Be Happy, Search Engine Optimization
Post a Comment
<< Home