c Richmond Sunlight » 2012 » Microenterprise Investment Grant Fund and Program; created. (SB262)

Microenterprise Investment Grant Fund and Program; created. (SB262)

Introduced By

Sen. Adam Ebbin (D-Alexandria)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Microenterprise investment tax credits. Creates a tax credit for individuals who make a qualified investment in a microenterprise in tax years beginning on or after January 1, 2012, but before January 1, 2017. The amount of the credit shall be 25 percent of an investment in a green business microenterprise or a microenterprise located in a historically underutilized business zone, or 20 percent of an investment in any other microenterprise. An individual may receive a credit up to $12,500, and the total aggregate amount of credits available in a calendar year is capped at $2.5 million. Read the Bill »

Outcome

Bill Has Failed

History

  • 01/10/2012 Prefiled and ordered printed; offered 01/11/12
  • 01/10/2012 Prefiled and ordered printed; offered 01/11/12 12102538D
  • 01/10/2012 Referred to Committee on Finance
  • 02/02/2012 Impact statement from TAX (SB262)
  • 02/08/2012 Reported from Finance with substitute (14-Y 0-N) (see vote tally)
  • 02/08/2012 Committee substitute printed 12105254D-S1
  • 02/09/2012 Constitutional reading dispensed (39-Y 0-N) (see vote tally)
  • 02/10/2012 Read second time
  • 02/10/2012 Reading of substitute waived
  • 02/10/2012 Committee substitute agreed to 12105254D-S1
  • 02/10/2012 Engrossed by Senate - committee substitute SB262S1
  • 02/13/2012 Read third time and passed Senate (40-Y 0-N) (see vote tally)
  • 02/16/2012 Placed on Calendar
  • 02/16/2012 Read first time
  • 02/16/2012 Referred to Committee on General Laws
  • 02/20/2012 Assigned GL sub: #4 Professions/Occupations and Administrative Process
  • 02/21/2012 Impact statement from TAX (SB262S1)
  • 02/21/2012 Subcommittee recommends laying on the table
  • 03/10/2012 Left in General Laws