Small Business Investment Grant Fund; created. (SB344)
Introduced By
Sen. Ryan McDougle (R-Mechanicsville) with support from co-patrons Sen. Bryce Reeves (R-Spotsylvania), Sen. Frank Ruff (R-Clarksville), and Sen. Bill Stanley (R-Moneta)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; small business investment tax credits. Creates a tax credit equal to 10 percent of a qualified investment in a small business for an eligible investor. The investment must be made on or after January 1, 2012, but before January 1, 2015, and the equity must be held for two years. The Department of Taxation would certify small businesses that may receive investments eligible for the tax credit. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/10/2012 | Prefiled and ordered printed; offered 01/11/12 12103734D |
01/10/2012 | Referred to Committee on Finance |
02/02/2012 | Impact statement from TAX (SB344) |
02/08/2012 | Reported from Finance with substitute (14-Y 1-N) (see vote tally) |
02/08/2012 | Committee substitute printed 12105256D-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 12105256D-S1 |
02/10/2012 | Engrossed by Senate - committee substitute SB344S1 |
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 (SB344S1) |
02/21/2012 | Subcommittee recommends reporting with amendment(s) (7-Y 0-N) |
02/23/2012 | Reported from General Laws with substitute (22-Y 0-N) (see vote tally) |
02/23/2012 | Committee substitute printed 12105582D-H1 |
02/23/2012 | Referred to Committee on Appropriations |
02/24/2012 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
02/27/2012 | Subcommittee recommends reporting (8-Y 0-N) |
02/27/2012 | Reported from Appropriations (22-Y 0-N) (see vote tally) |
02/28/2012 | Read second time |
02/29/2012 | Read third time |
02/29/2012 | Committee substitute agreed to 12105582D-H1 |
02/29/2012 | Engrossed by House - committee substitute SB344H1 |
02/29/2012 | Passed House with substitute BLOCK VOTE (97-Y 0-N) |
02/29/2012 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally) |
02/29/2012 | House substitute rejected by Senate (1-Y 39-N) (see vote tally) |
02/29/2012 | House insisted on substitute |
02/29/2012 | House requested conference committee |
02/29/2012 | Senate acceded to request (38-Y 0-N) (see vote tally) |
02/29/2012 | Conferees appointed by Senate |
02/29/2012 | Senators: McDougle, Reeves, Deeds |
02/29/2012 | Conferees appointed by House |
02/29/2012 | Delegates: Merricks, Ware, R.L., Lewis |
03/05/2012 | Conference report agreed to by Senate (39-Y 0-N) (see vote tally) |
03/05/2012 | Conference substitute printed 12105811D-S2 |
03/05/2012 | Conference report agreed to by House (96-Y 0-N) |
03/05/2012 | VOTE: ADOPTION (96-Y 0-N) (see vote tally) |
03/08/2012 | Enrolled |
03/08/2012 | Bill text as passed Senate and House (SB344ER) |
03/08/2012 | Signed by Speaker |
03/09/2012 | Signed by President |
03/22/2012 | Impact statement from TAX (SB344ER) |
04/06/2012 | G Approved by Governor-Chapter 669 (effective 7/1/12) |
04/06/2012 | G Acts of Assembly Chapter text (CHAP0669) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 1 minute.