Income tax, corporate and individual; green job tax credit. (SB623)

Introduced By

Sen. Emmett Hanger (R-Mount Solon) with support from co-patron Sen. Steve Martin (R-Chesterfield)

Progress

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

Description

Income tax; corporate and individual; green jobs tax credit.  Allows a $500 income tax credit for the creation of "green" jobs for taxable years beginning on and after January 1, 2010.  Each taxpayer is allowed a credit for up to 350 new green jobs and may qualify for the Enterprise Zone Grant program if the job is located in an enterprise zone. Amends § 58.1-439.12:03, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/18/2010Presented and ordered printed 10104126D
01/18/2010Referred to Committee on Finance
02/02/2010Impact statement from TAX (SB623)
02/09/2010Reported from Finance with substitute (13-Y 2-N) (see vote tally)
02/09/2010Committee substitute printed 10105131D-S1
02/10/2010Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/11/2010Read second time
02/11/2010Reading of substitute waived
02/11/2010Committee substitute agreed to 10105131D-S1
02/11/2010Engrossed by Senate - committee substitute SB623S1
02/12/2010Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/16/2010Impact statement from TAX (SB623S1)
02/17/2010Placed on Calendar
02/17/2010Read first time
02/17/2010Referred to Committee on Appropriations
02/23/2010Assigned App. sub: Economic Development, Agriculture and Natural Resources
02/26/2010Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
03/01/2010Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
03/01/2010Committee substitute printed 10105630D-H1
03/03/2010Constitutional reading dispensed (82-Y 0-N)
03/03/2010Read second time
03/03/2010Constitutional reading dispensed (83-Y 0-N)
03/03/2010VOTE: --- AGREE TO MOTION (83-Y 0-N) (see vote tally)
03/03/2010Committee substitute agreed to 10105630D-H1
03/03/2010Engrossed by House - committee substitute SB623H1
03/03/2010Passed House with substitute (89-Y 0-N)
03/03/2010VOTE: --- PASSAGE (89-Y 0-N) (see vote tally)
03/03/2010House substitute rejected by Senate (1-Y 38-N) (see vote tally)
03/03/2010House insisted on substitute
03/03/2010House requested conference committee
03/03/2010Senate acceded to request (38-Y 0-N) (see vote tally)
03/03/2010Conferees appointed by Senate
03/03/2010Senators: Hanger, Quayle, Lucas
03/03/2010Conferees appointed by House
03/03/2010Delegates: Poindexter, Cox, J.A., Keam
03/08/2010Conference substitute printed 10105944D-S2
03/08/2010Conference report agreed to by Senate (40-Y 0-N) (see vote tally)
03/08/2010Conference report agreed to by House (96-Y 1-N)
03/08/2010VOTE: --- ADOPTION (96-Y 1-N) (see vote tally)
03/12/2010Enrolled
03/12/2010Bill text as passed Senate and House (SB623ER)
03/13/2010Signed by Speaker
03/15/2010Signed by President
04/01/2010Impact statement from TAX (SB623ER)
04/13/2010G Approved by Governor-Chapter 722 (effective 7/1/10)
04/13/2010G Acts of Assembly Chapter text (CHAP0722)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 4 clips in all, totaling 3 minutes.

Duplicate Bills

The following bills are identical to this one: HB803.