Virginia small business investment companies; state insurance license tax credit. (SB1365)

Introduced By

Sen. Jeff McWaters (R-Virginia Beach)


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 one sixth of $100 million per year and may not exceed $100 million for the life of the program. Read the Bill »


02/02/2011: Failed to Pass in Committee


01/12/2011Prefiled and ordered printed; offered 01/12/11 11103661D
01/12/2011Referred to Committee on Finance
01/24/2011Impact statement from TAX (SB1365)
02/02/2011Passed by indefinitely in Finance with letter (14-Y 0-N) (see vote tally)
02/02/2011Letter sent to the Joint Legislative Audit and Review Commission