Income tax, state; international trade facility tax credit. (SB1136)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)

Progress

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

Description

Income tax; international trade facility tax credit. Grants an income tax credit of $3,000 for every employee hired by Virginia shippers when employment is based on increasing cargo moving through a Virginia port by at least 10%. The credit will become available for taxable years on and after January 1, 2011, but before January 1, 2015. Amends § 58.1-439.12:06, § 58.1-439.15, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2011Prefiled and ordered printed; offered 01/12/11 11101308D
01/12/2011Referred to Committee on Finance
01/24/2011Impact statement from TAX (SB1136)
01/31/2011Fiscal impact review from JLARC (SB1136)
02/02/2011Reported from Finance with substitute (11-Y 4-N) (see vote tally)
02/02/2011Committee substitute printed 11105072D-S1
02/03/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/04/2011Read second time
02/04/2011Reading of substitute waived
02/04/2011Committee substitute agreed to 11105072D-S1
02/04/2011Engrossed by Senate - committee substitute SB1136S1
02/07/2011Read third time and passed Senate (37-Y 3-N) (see vote tally)
02/07/2011Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/07/2011Passed Senate (35-Y 5-N) (see vote tally)
02/09/2011Placed on Calendar
02/09/2011Read first time
02/09/2011Referred to Committee on Finance
02/11/2011Impact statement from TAX (SB1136S1)
02/14/2011Reported from Finance with amendments (18-Y 2-N) (see vote tally)
02/15/2011Read second time
02/16/2011Read third time
02/16/2011Committee amendments agreed to
02/16/2011Engrossed by House as amended
02/16/2011Passed House with amendments (75-Y 22-N)
02/16/2011VOTE: PASSAGE (75-Y 22-N) (see vote tally)
02/16/2011House amendments agreed to by Senate (39-Y 0-N) (see vote tally)
02/21/2011Enrolled
02/21/2011Bill text as passed Senate and House (SB1136ER)
02/21/2011Signed by Speaker
02/22/2011Signed by President
02/23/2011Impact statement from TAX (SB1136ER)
03/07/2011Impact statement from TAX (SB1136ER)
03/10/2011G Approved by Governor-Chapter 49 (effective 7/1/11)
03/10/2011G Acts of Assembly Chapter text (CHAP0049)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 3 clips in all, totaling 9 minutes.

Comments

Hampton Roads Partnership, tracking this bill in Photosynthesis, notes:

Track for Caucus