Tourism zones, local; increases number of years which tax incentives may be provided therein. (SB591)
Introduced By
Sen. Tommy Norment (R-Williamsburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Local tourism zones. Increases from 10 to 20 the number of years in which tax incentives may be provided in a local tourism zone. Under current law, the tax incentives may include the reduction of (i) permit fees, (ii) user fees, and (iii) any type of gross receipts tax. The bill would not change the number of years for which any regulatory flexibility that is provided is binding upon the locality, which is currently fixed at 10 years. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/09/2008 | Prefiled and ordered printed; offered 01/09/08 088773284 |
01/09/2008 | Referred to Committee on Finance |
01/19/2008 | Impact statement from TAX (SB591) |
01/22/2008 | Reported from Finance (16-Y 0-N) (see vote tally) |
01/23/2008 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/24/2008 | Read second time and engrossed |
01/25/2008 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
01/25/2008 | Communicated to House |
02/11/2008 | Impact statement from TAX (SB591) |
02/12/2008 | Placed on Calendar |
02/12/2008 | Read first time |
02/12/2008 | Referred to Committee on Finance |
02/13/2008 | Assigned Finance sub: 1 |
02/25/2008 | Reported from Finance (20-Y 0-N) |
02/26/2008 | Read second time |
02/27/2008 | Read third time |
02/27/2008 | Passed House BLOCK VOTE (97-Y 0-N) |
02/27/2008 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) |
02/28/2008 | Enrolled |
02/28/2008 | Bill text as passed Senate and House (SB591ER) |
02/28/2008 | Signed by Speaker |
03/02/2008 | Signed by President |
03/03/2008 | Impact statement from TAX (SB591ER) |
03/07/2008 | G Approved by Governor-Chapter 462 (effective 7/1/08) |
03/14/2008 | G Acts of Assembly Chapter text (CHAP0462) |