Friday, May 16, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB170: Income tax, corporate; sales tax exemption for space flight entities.
Chief Patron
Del.
Terry Kilgore (R-1)
Terry Kilgore
(R-1)
Gate City, VA
Served: 1994–
Progress
 |
Introduced |
 |
Passed Committee |
|
Passed House |
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Passed Senate |
|
Signed by Governor |
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Became Law |
Status
01/15/2008: In Finance Committee
Summary
Corporate tax subtraction and sales tax exemption for space flight entities. Provides a corporate income tax subtraction for any gain recognized as a result of (i) passenger ticket sales on a suborbital spaceflight and (ii) resupply services contracts entered with NASA. It also extends the current sales and use tax exemption to include the sale of spaceflight services or activities to spaceflight participants and it extends the sunset date for the exemption to July 1, 2015.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/04/2008 and 02/04/2008.
Identical Bills
The following bills are identical to this one: HB1151
Introduced: 2008-01-09
Status: in subcommittee
Photosynthesis
This bill is being tracked by one member, The Commonwealth Institute.
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