SB870: Income tax, corporate; extends sunset provision for machinery & equipment used in recycling process.
Chief Patron
Sen.
John Watkins (R-10)
John Watkins
(R-10)
Served: 1998–
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
03/20/2007: signed by governor
View Entire History
- 01/08/2007 Prefiled and ordered printed; offered 01/10/07 077422840
- 01/08/2007 Referred to Committee on Finance
- 01/26/2007 Impact statement from TAX (SB870)
- 02/05/2007 Constitutional reading dispensed (39-Y 0-N)
- 02/05/2007 VOTE: (39-Y 0-N) (see vote tally)
- 02/06/2007 Impact statement from TAX (SB870)
- 02/06/2007 Read second time and engrossed
- 02/06/2007 Constitutional reading dispensed (40-Y 0-N)
- 02/06/2007 Passed Senate (40-Y 0-N)
- 02/06/2007 VOTE: (40-Y 0-N) (see vote tally)
- 02/06/2007 Communicated to House
- 02/07/2007 Placed on Calendar
- 02/07/2007 Read first time
- 02/07/2007 Referred to Committee on Finance
- 02/13/2007 Read second time
- 02/14/2007 Read third time
- 02/14/2007 Committee amendments agreed to
- 02/14/2007 Engrossed by House as amended
- 02/14/2007 Passed House with amendments BLOCK VOTE (95-Y 0-N)
- 02/14/2007 House amendments rejected by Senate (2-Y 33-N)
- 02/14/2007 VOTE: (2-Y 33-N) (see vote tally)
- 02/14/2007 House insisted on amendments
- 02/14/2007 House requested conference committee
- 02/14/2007 Senate acceded to request (38-Y 0-N)
- 02/14/2007 VOTE: (39-Y 0-N) (see vote tally)
- 02/14/2007 Conferees appointed by Senate
- 02/14/2007 Senators: Watkins, Stolle, Saslaw
- 02/14/2007 Conferees appointed by House
- 02/14/2007 Delegates: Bowling, Saxman, Purkey
- 02/20/2007 Conference substitute printed 077158840-S1
- 02/21/2007 Reading of conference report waived
- 02/21/2007 Conference report agreed to by Senate (39-Y 0-N)
- 02/21/2007 VOTE: (39-Y 0-N) (see vote tally)
- 02/22/2007 Conference report agreed to by House (98-Y 0-N)
- 02/22/2007 VOTE: ADOPTION (98-Y 0-N) (see vote tally)
- 03/12/2007 Enrolled
- 03/12/2007 Bill text as passed Senate and House (SB870ER)
- 03/12/2007 Signed by President
- 03/13/2007 Signed by Speaker
- 03/15/2007 Impact statement from TAX (SB870ER)
- 03/20/2007 G Approved by Governor-Chapter 593 (effective see bill)
- 03/20/2007 G Approved by Governor-Chapter 593 (effective - see bill)
- 04/03/2007 G Acts of Assembly Chapter text (CHAP0593)
Summary
Income tax credits; machinery and equipment used in
recycling process. Extends the sunset date from January 1, 2007, to
January 1, 2015, for the income tax credit for machinery and equipment used to
produce goods from recyclable materials. The bill would also make the credit
available to individual income taxpayers. Currently, only corporate income
taxpayers may claim the credit.
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Thursday, July 24, 2008