Insurance premiums tax; retaliatory costs tax credit. (SB1359)

Introduced By

Sen. Walter Stosch (R-Glen Allen)

Progress

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

Description

Insurance premiums tax; retaliatory costs tax credit.  Enhances the retaliatory tax credit for the insurance premiums tax by increasing the amount of the refund for certain taxpayers receiving the credit in 2000, beginning in taxable year 2011, from a maximum of $800,000 to $7 million annually. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2011Prefiled and ordered printed; offered 01/12/11 11103423D
01/12/2011Referred to Committee on Finance
01/23/2011Impact statement from TAX (SB1359)
02/02/2011Reported from Finance with amendment (15-Y 0-N) (see vote tally)
02/03/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/04/2011Read second time
02/04/2011Reading of amendment waived
02/04/2011Committee amendment agreed to
02/04/2011Engrossed by Senate as amended SB1359E
02/04/2011Printed as engrossed 11103423D-E
02/07/2011Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/07/2011Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/07/2011Passed Senate (40-Y 0-N) (see vote tally)
02/09/2011Placed on Calendar
02/09/2011Read first time
02/09/2011Referred to Committee on Finance
02/09/2011Impact statement from TAX (SB1359E)
02/14/2011Reported from Finance (22-Y 0-N) (see vote tally)
02/15/2011Read second time
02/16/2011Read third time
02/16/2011Amendment by Delegate Morrissey rejected
02/16/2011Passed House (95-Y 2-N)
02/16/2011VOTE: PASSAGE (95-Y 2-N) (see vote tally)
02/21/2011Enrolled
02/21/2011Bill text as passed Senate and House (SB1359ER)
02/21/2011Signed by Speaker
02/22/2011Signed by President
02/23/2011Impact statement from TAX (SB1359ER)
03/26/2011Governor's recommendation received by Senate
04/05/2011Placed on Calendar
04/06/2011Senate concurred in Governor's recommendation (40-Y 0-N) (see vote tally)
04/06/2011House concurred in Governor's recommendation (97-Y 0-N)
04/06/2011VOTE: ADOPTION (97-Y 0-N) (see vote tally)
04/06/2011G Governor's recommendation adopted
04/06/2011Reenrolled
04/06/2011Reenrolled bill text (SB1359ER2)
04/06/2011Signed by President as reenrolled
04/06/2011Signed by Speaker as reenrolled
04/06/2011Enacted, Chapter 863 (effective 7/1/11)
04/06/2011G Acts of Assembly Chapter text (CHAP0863)

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 15 minutes.

Duplicate Bills

The following bills are identical to this one: HB2335.