Manufacturing facility; expands definition to include those used in creation of intangible property. (SB252)

Introduced By

Sen. Roscoe Reynolds (D-Martinsville) with support from co-patron Sen. Frank Ruff (R-Clarksville)

Progress

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

Description

Manufacturing facility.  Expands the current definition of manufacturing facility to include (i) any facility which is used in the creation or production of intangible property as described in 197(d)(1)(C)(iii) of the Internal Revenue Code of 1986, as amended, to be any patent, copyright, formula, process, design, pattern, knowhow, format, or other similar item, or (ii) a facility which is functionally related and subordinate to a manufacturing facility if such facility is located on the same site as the manufacturing facility. This definition is being expanded so that Virginia Code is consistent with the Federal American Recovery and Reinvestment Act of 2009, Section 1301. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2010Prefiled and ordered printed; offered 01/13/10 10102880D
01/12/2010Referred to Committee on Local Government
01/22/2010Impact statement from DPB (SB252)
01/26/2010Reported from Local Government with amendment (15-Y 0-N) (see vote tally)
01/28/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/29/2010Read second time
01/29/2010Reading of amendment waived
01/29/2010Committee amendment agreed to
01/29/2010Engrossed by Senate as amended SB252E
01/29/2010Printed as engrossed 10102880D-E
02/01/2010Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/08/2010Placed on Calendar
02/08/2010Read first time
02/08/2010Referred to Committee on Counties, Cities and Towns
02/08/2010Impact statement from DPB (SB252E)
02/19/2010Reported from Counties, Cities and Towns (21-Y 0-N) (see vote tally)
02/22/2010Read second time
02/23/2010Read third time
02/23/2010Passed House BLOCK VOTE (99-Y 0-N)
02/23/2010VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/01/2010Enrolled
03/01/2010Bill text as passed Senate and House (SB252ER)
03/01/2010Impact statement from DPB (SB252ER)
03/01/2010Signed by Speaker
03/02/2010Signed by President
03/11/2010G Acts of Assembly Chapter text (CHAP0122)
03/13/2010G Approved by Governor-Chapter 122 (effective 7/1/10)