Income tax, state; exemption for launch services and payload to space flight participants. (SB286)
Introduced By
Sen. William Wampler (R-Bristol)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax exemption for launch services and payload. Grants an income tax exemption for income resulting from the sale of launch services to space flight participants or launch services intended to provide individuals the training or experience of a launch, without performing an actual launch. The bill also grants an income tax exemption for any gain recognized as a result of resupply services contracts for delivering payload entered into with the Commercial Orbital Transportation Services division of the National Aeronautics and Space Administration or other space flight entity. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/08/2008 | Prefiled and ordered printed; offered 01/09/08 082828344 |
01/08/2008 | Referred to Committee on Finance |
01/12/2008 | Impact statement from TAX (SB286) |
01/30/2008 | Committee substitute printed 086003344-S1 |
01/30/2008 | Reported from Finance with substitute (16-Y 0-N) (see vote tally) |
01/31/2008 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/01/2008 | Read second time |
02/01/2008 | Reading of substitute waived |
02/01/2008 | Committee substitute agreed to 086003344-S1 |
02/01/2008 | Engrossed by Senate - committee substitute SB286S1 |
02/04/2008 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/04/2008 | Communicated to House |
02/11/2008 | Impact statement from TAX (SB286S1) |
02/11/2008 | Placed on Calendar |
02/11/2008 | Read first time |
02/11/2008 | Referred to Committee on Finance |
02/12/2008 | Assigned Finance sub: 2 |
02/18/2008 | Reported from Finance (21-Y 0-N) (see vote tally) |
02/19/2008 | Read second time |
02/20/2008 | Read third time |
02/20/2008 | Passed House BLOCK VOTE (97-Y 0-N) |
02/20/2008 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) |
02/21/2008 | Enrolled |
02/21/2008 | Bill text as passed Senate and House (SB286ER) |
02/21/2008 | Signed by Speaker |
02/25/2008 | Signed by President |
02/27/2008 | Impact statement from TAX (SB286ER) |
03/02/2008 | G Approved by Governor-Chapter 148 (effective 7/1/08) |
03/02/2008 | G Approved by Governor-Chapter 149 (effective 7/1/08) |
03/05/2008 | G Acts of Assembly Chapter text (CHAP0149) |