Business license incentive program; Cities of Va. Beach & Chesapeake may establish for businesses. (HB1587)

Introduced By

Del. Sal Iaquinto (R-Virginia Beach)

Progress

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

Description

Local license taxes.  Permits the City of Virginia Beach and the City of Chesapeake to provide relief from license taxes to any business locating in either City for the first time, for the first two years after such location. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/06/2011Committee
01/06/2011Prefiled and ordered printed; offered 01/12/11 11103324D
01/06/2011Referred to Committee on Finance
01/14/2011Impact statement from TAX (HB1587)
01/17/2011Assigned Finance sub: #1
01/19/2011Subcommittee recommends reporting (4-Y 3-N)
01/24/2011Reported from Finance with substitute (18-Y 4-N) (see vote tally)
01/24/2011Committee substitute printed 11104441D-H1
01/25/2011Read first time
01/26/2011Read second time
01/26/2011Committee substitute agreed to 11104441D-H1
01/26/2011Engrossed by House - committee substitute HB1587H1
01/27/2011Read third time and passed House (97-Y 2-N)
01/27/2011VOTE: PASSAGE (97-Y 2-N) (see vote tally)
01/28/2011Constitutional reading dispensed
01/28/2011Referred to Committee on Finance
02/07/2011Impact statement from TAX (HB1587H1)
02/09/2011Reported from Finance (11-Y 0-N) (see vote tally)
02/10/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/11/2011Read third time
02/11/2011Passed Senate (40-Y 0-N) (see vote tally)
02/15/2011Enrolled
02/15/2011Bill text as passed House and Senate (HB1587ER)
02/15/2011Signed by Speaker
02/16/2011Signed by President
02/18/2011Impact statement from TAX (HB1587ER)
03/09/2011G Approved by Governor-Chapter 25 (effective 7/1/11)
03/09/2011G Acts of Assembly Chapter text (CHAP0025)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 6 minutes.

Comments

Rod I., tracking this bill in Photosynthesis, notes:

VB Legislative Agenda item

Bearing Drift, tracking this bill in Photosynthesis, notes:

Bearing Drift supports this bill to encourage business growth and bring jobs to Virginia.