Virginia small business investment companies; state insurance license tax credit. (SB1365)
Introduced By
Sen. Jeff McWaters (R-Virginia Beach)
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 one sixth of $100 million per year and may not exceed $100 million for the life of the program. Read the Bill »
Status
02/02/2011: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11103661D |
| 01/12/2011 | Referred to Committee on Finance |
| 01/24/2011 | Impact statement from TAX (SB1365) |
| 02/02/2011 | Passed by indefinitely in Finance with letter (14-Y 0-N) (see vote tally) |
| 02/02/2011 | Letter sent to the Joint Legislative Audit and Review Commission |