We are entering our second full week of the 2017 General Assembly. Last week was a very busy week for the retail industry.
ACCELERATED SALES TAX - Action Alert Coming Soon
VRF continues to oppose the changes in the Accelerated Sales Tax threshold as seen in the Governor’s proposed budget. We would like to see the threshold unwind to $10 million in 2017 and $25 million in 2018. Please watch for an Action Alert on this issue in the near future.
ACTIONS TAKEN ON THESE ITEMS:
(H) VOTE: PASSAGE (67-Y 31-N)
(H) Reported form General Laws with amendments (17-Y 5-N)
(H) Subcommittee recommends reporting with substitute (9-Y 0-N)
Sales Tax Holiday
(H) Subcommittee recommends reporting (10-Y 0-N)
(S) Passed by indefinitely in Commerce and Labor (11-Y 2-N 1-A)
(S) Passed by indefinitely in Commerce and Labor (11-Y 3-N)
Paid Family Leave
(S) Passed by indefinitely in Commerce and Labor with letter (14-Y 0-N)
Plastic Bag Tax
(S) Passed by indefinitely in Finance (10-Y 4-N)
Mandates on Signage
(H) Subcommittee recommends laying on the table (suspend indefinitely)
(H) Subcommittee recommends reporting (6-Y 4-N)
(H) Sub-committee recommends reporting with amendments (6-Y 0-N)
*VRF is monitoring closely and will be a part of the working group that is established.
Felony Threshold for Larceny
These two bills were rolled into each other with a $500 threshold and reported out of full committee. We fully expect for this to be defeated in House Courts, Criminal Law Subcommittee.
Click here to view a full list of bills we're tracking.