Income tax, corporate; extends sunset provision for machinery & equipment used in recycling process. (SB870)

Introduced By

Sen. John Watkins (R-Midlothian)

Progress

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

Description

Income tax credits; machinery and equipment used in recycling process. Extends the sunset date from January 1, 2007, to January 1, 2015, for the income tax credit for machinery and equipment used to produce goods from recyclable materials. The bill would also make the credit available to individual income taxpayers. Currently, only corporate income taxpayers may claim the credit. Read the Bill »

Status

03/20/2007: signed by governor

History

DateAction
01/08/2007Prefiled and ordered printed; offered 01/10/07 077422840
01/08/2007Referred to Committee on Finance
01/26/2007Impact statement from TAX (SB870)
02/05/2007Constitutional reading dispensed (39-Y 0-N)
02/05/2007VOTE: (39-Y 0-N) (see vote tally)
02/06/2007Impact statement from TAX (SB870)
02/06/2007Read second time and engrossed
02/06/2007Constitutional reading dispensed (40-Y 0-N)
02/06/2007Passed Senate (40-Y 0-N)
02/06/2007VOTE: (40-Y 0-N) (see vote tally)
02/06/2007Communicated to House
02/07/2007Placed on Calendar
02/07/2007Read first time
02/07/2007Referred to Committee on Finance
02/13/2007Read second time
02/14/2007Read third time
02/14/2007Committee amendments agreed to
02/14/2007Engrossed by House as amended
02/14/2007Passed House with amendments BLOCK VOTE (95-Y 0-N)
02/14/2007House amendments rejected by Senate (2-Y 33-N)
02/14/2007VOTE: (2-Y 33-N) (see vote tally)
02/14/2007House insisted on amendments
02/14/2007House requested conference committee
02/14/2007Senate acceded to request (38-Y 0-N)
02/14/2007VOTE: (39-Y 0-N) (see vote tally)
02/14/2007Conferees appointed by Senate
02/14/2007Senators: Watkins, Stolle, Saslaw
02/14/2007Conferees appointed by House
02/14/2007Delegates: Bowling, Saxman, Purkey
02/20/2007Conference substitute printed 077158840-S1
02/21/2007Reading of conference report waived
02/21/2007Conference report agreed to by Senate (39-Y 0-N)
02/21/2007VOTE: (39-Y 0-N) (see vote tally)
02/22/2007Conference report agreed to by House (98-Y 0-N)
02/22/2007VOTE: ADOPTION (98-Y 0-N) (see vote tally)
03/12/2007Enrolled
03/12/2007Bill text as passed Senate and House (SB870ER)
03/12/2007Signed by President
03/13/2007Signed by Speaker
03/15/2007Impact statement from TAX (SB870ER)
03/20/2007G Approved by Governor-Chapter 593 (effective see bill)
03/20/2007G Approved by Governor-Chapter 593 (effective - see bill)
04/03/2007G Acts of Assembly Chapter text (CHAP0593)