Retaliatory costs tax credit; extends carry-over period to 10 years. (SB1246)

Introduced By

Sen. Walter Stosch (R-Glen Allen) with support from co-patrons Del. John O'Bannon (R-Richmond), Sen. Ken Cuccinelli (R-Fairfax), and Sen. Steve Newman (R-Forest)

Progress

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

Description

Retaliatory costs tax credit. Extends the carry-over period from five years to 10 years, allowing taxpayers an additional five years to carry over credit amounts they have not taken. The new 10 year period is applicable to credits allowed before or after January 1, 2009. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/13/2009Prefiled and ordered printed; offered 01/14/09 094458812
01/13/2009Referred to Committee on Finance
01/26/2009Impact statement from TAX (SB1246)
01/27/2009Reported from Finance (13-Y 0-N) (see vote tally)
01/28/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/29/2009Read second time and engrossed
01/30/2009Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/06/2009Impact statement from TAX (SB1246)
02/11/2009Placed on Calendar
02/11/2009Read first time
02/11/2009Referred to Committee on Finance
02/11/2009Assigned Finance sub: 1
02/11/2009Subcommittee recommends reporting
02/16/2009Reported from Finance (22-Y 0-N) (see vote tally)
02/17/2009Read second time
02/18/2009Read third time
02/18/2009Passed House BLOCK VOTE (98-Y 0-N)
02/18/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/23/2009Enrolled
02/23/2009Bill text as passed Senate and House (SB1246ER)
02/23/2009Impact statement from TAX (SB1246ER)
02/24/2009Signed by Speaker
02/25/2009Signed by President
03/27/2009G Approved by Governor-Chapter 567 (effective 7/1/09)
03/27/2009G Acts of Assembly Chapter text (CHAP0567)