Space flight entities; transfer of certain revenue to Va. Commercial Space Flight Authority, etc. (HB18)

Introduced By

Del. Terry Kilgore (R-Gate City) with support from co-patron Sen. Lynwood Lewis (D-Accomac)

Progress

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

Description

Transfer of certain income tax revenue generated by space flight entities to the Virginia Commercial Space Flight Authority.  Clarifies that the revenue transferred to the Virginia Commercial Space Flight Authority attributable to the sale of commercial human spaceflights or commercial space flight training by space flight entities (i) is the income tax revenue generated from such sale and (ii) is not determined solely by the point of sale or where the space flight takes place. The bill also expands such space flight entities to include limited liability companies. Read the Bill »

Status

02/22/2012: Merged into HB813

History

DateAction
12/05/2011Committee
12/05/2011Prefiled and ordered printed; offered 01/11/12 12100277D
12/05/2011Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #1
01/27/2012Impact statement from TAX (HB18)
02/01/2012Subcommittee recommends reporting (10-Y 0-N)
02/06/2012Reported from Finance with amendment (22-Y 0-N) (see vote tally)
02/07/2012Read first time
02/08/2012Read second time
02/08/2012Committee amendment agreed to
02/08/2012Engrossed by House as amended HB18E
02/08/2012Printed as engrossed 12100277D-E
02/09/2012Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/09/2012VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/10/2012Constitutional reading dispensed
02/10/2012Referred to Committee on Finance
02/20/2012Impact statement from TAX (HB18E)
02/22/2012Incorporated by Finance (HB813-May) (13-Y 0-N) (see vote tally)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 45 seconds.