License tax, state; credit for investment in small business investment companies. (SB733)
Introduced By
Sen. Jeff McWaters (R-Virginia Beach)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
State insurance license tax credit. Provides a tax credit against the state license tax liability on certain insurance companies for investments in Virginia small business investment companies. The tax credit will be administered by the Tax Commissioner. The tax credit is capped at $20 million per year and may not exceed $100 million for the life of the program. The bill has an effective date of January 1, 2011. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
02/01/2010 | Introduced at the request of Governor |
02/01/2010 | Presented and ordered printed 10104768D |
02/01/2010 | Referred to Committee on Finance |
02/08/2010 | Impact statement from TAX (SB733) |
02/10/2010 | Reported from Finance with substitute (10-Y 5-N) (see vote tally) |
02/10/2010 | Committee substitute printed 10105232D-S1 |
02/11/2010 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/12/2010 | Read second time |
02/12/2010 | Reading of substitute waived |
02/12/2010 | Committee substitute agreed to 10105232D-S1 |
02/12/2010 | Engrossed by Senate - committee substitute SB733S1 |
02/15/2010 | Read third time and passed Senate (38-Y 2-N) (see vote tally) |
02/17/2010 | Placed on Calendar |
02/17/2010 | Read first time |
02/17/2010 | Referred to Committee on Appropriations |
02/23/2010 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
03/01/2010 | Subcommittee recommends reporting with amendment(s) (5-Y 3-N) |
03/02/2010 | Continued to 2011 in Appropriations |
12/02/2010 | Left in Appropriations |