License tax credit; credit against state license tax liability on certain insurance companies. (HB1384)
Introduced By
Del. Don Merricks (R-Danville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
State insurance license tax credit. Provides a tax credit against the state license tax liability on certain insurance companies for investments in Virginia small business investment companies. The tax credit will be administered by the Tax Commissioner. The tax credit is capped at $20 million per year and may not exceed $100 million for the life of the program. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 02/01/2010 | Introduced at the request of Governor |
| 02/01/2010 | Presented and ordered printed 10104815D |
| 02/01/2010 | Referred to Committee on Finance |
| 02/04/2010 | Assigned Finance sub: #3 |
| 02/08/2010 | Impact statement from TAX (HB1384) |
| 02/09/2010 | Subcommittee recommends reporting (4-Y 0-N) |
| 02/10/2010 | Committee substitute printed 10105225D-H1 |
| 02/10/2010 | Reported from Finance with substitute (17-Y 5-N) (see vote tally) |
| 02/10/2010 | Referred to Committee on Appropriations |
| 02/11/2010 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
| 02/16/2010 | Continued to 2011 in Appropriations |
| 12/02/2010 | Left in Appropriations |