Friday, August 8, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB2388: License tax; exempt business providing electronic payment services for financial institutions.
Chief Patron
Del.
Joe May (R-33)
Joe May
(R-33)
Leesburg, VA
Served: 1994–
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Local license tax incentive and grants for certain businesses. Permits any locality to exempt in whole or in part from local license taxes businesses that are primarily engaged in providing electronic payments processing services for financial institutions, that first have a definite place of business within a Multicounty Transportation Improvement District on or after July 1, 2008, and upon whose property a special improvements tax is being levied under § 15.2-4607. The bill also authorizes any locality to provide the same businesses with grants or contractual payments or benefits when warranted by the economic or other benefit the locality will receive. The provisions of the bill expire on June 30, 2016.
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Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
