License tax credit; credit against state license tax liability on certain insurance companies. (HB1384)

Introduced By

Del. Don Merricks (R-Danville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


02/01/2010Introduced at the request of Governor
02/01/2010Presented and ordered printed 10104815D
02/01/2010Referred to Committee on Finance
02/04/2010Assigned Finance sub: #3
02/08/2010Impact statement from TAX (HB1384)
02/09/2010Subcommittee recommends reporting (4-Y 0-N)
02/10/2010Committee substitute printed 10105225D-H1
02/10/2010Reported from Finance with substitute (17-Y 5-N) (see vote tally)
02/10/2010Referred to Committee on Appropriations
02/11/2010Assigned App. sub: Economic Development, Agriculture and Natural Resources
02/16/2010Continued to 2011 in Appropriations
12/02/2010Left in Appropriations