Income tax, corporate; extends sunset date of major business facility job tax credit. (HB2575)

Introduced By

Del. Lacey Putney (I-Bedford) with support from 18 copatrons, whose average partisan position is:

Those copatrons are Del. Watkins Abbitt (I-Appomattox), Del. Kathy Byron (R-Lynchburg), Del. Chuck Caputo (D-Oak Hill), Del. Ben Cline (R-Amherst), Del. Mark Cole (R-Fredericksburg), Del. Kirk Cox (R-Colonial Heights), Del. Phil Hamilton (R-Newport News), Del. Clarke Hogan (R-South Boston), Del. Riley Ingram (R-Hopewell), Del. Johnny Joannou (D-Portsmouth), Del. Terry Kilgore (R-Gate City), Del. Steve Landes (R-Weyers Cave), Del. Jimmie Massie (R-Richmond), Del. Joe May (R-Leesburg), Del. John O'Bannon (R-Richmond), Del. Tom Rust (R-Herndon), Del. Beverly Sherwood (R-Winchester), Del. Bob Tata (R-Virginia Beach)

Progress

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

Description

Corporate income tax; major business facility job tax credit. Extends the sunset date of the major business facility job tax credit from January 1, 2010, to January 1, 2020, and allows the credit to be taken over a two-year period rather than a three-year period for taxable years beginning January 1, 2009, through December 31, 2010. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/21/2009Committee
01/21/2009Presented and ordered printed 091939696
01/21/2009Referred to Committee on Appropriations
01/22/2009Referred to Committee on Appropriations
01/23/2009Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
01/27/2009Impact statement from TAX (HB2575)
02/05/2009Subcommittee recommends reporting
02/06/2009Reported from Appropriations (23-Y 0-N) (see vote tally)
02/08/2009Read first time
02/09/2009Read second time and engrossed
02/10/2009Impact statement from TAX (HB2575)
02/10/2009Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/10/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/10/2009Reconsideration of passage agreed to by House
02/10/2009Passed House BLOCK VOTE (99-Y 0-N)
02/10/2009VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/11/2009Constitutional reading dispensed
02/11/2009Referred to Committee on Finance
02/17/2009Reported from Finance (16-Y 0-N) (see vote tally)
02/18/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/18/2009Read third time
02/18/2009Passed Senate (40-Y 0-N) (see vote tally)
02/23/2009Enrolled
02/23/2009Bill text as passed House and Senate (HB2575ER)
02/23/2009Impact statement from TAX (HB2575ER)
02/24/2009Signed by Speaker
02/25/2009Signed by President
03/30/2009G Approved by Governor-Chapter 753 (effective 7/1/09)
03/30/2009G Acts of Assembly Chapter text (CHAP0753)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 3 minutes.