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