Income tax, state & corporate; extends subtraction for capital gains from investments in businesses. (SB226)

Introduced By

Sen. Mark Herring (D-Leesburg)

Progress

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

Description

Income tax; capital gains subtraction.  Extends the subtraction from individual and corporate income tax for capital gains from investments in qualified businesses from June 30, 2013, to June 30, 2015. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2012Prefiled and ordered printed; offered 01/11/12
01/10/2012Prefiled and ordered printed; offered 01/11/12 12103534D
01/10/2012Referred to Committee on Finance
01/23/2012Impact statement from TAX (SB226)
02/01/2012Reported from Finance (13-Y 0-N) (see vote tally)
02/02/2012Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/03/2012Read second time and engrossed
02/06/2012Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/13/2012Placed on Calendar
02/13/2012Read first time
02/13/2012Referred to Committee on Finance
02/13/2012Assigned Finance sub: #2
02/14/2012Impact statement from TAX (SB226)
02/15/2012Subcommittee recommends reporting (10-Y 0-N)
02/20/2012Reported from Finance (21-Y 0-N) (see vote tally)
02/21/2012Read second time
02/22/2012Read third time
02/22/2012Passed House BLOCK VOTE (96-Y 0-N)
02/22/2012VOTE: BLOCK VOTE PASSAGE (96-Y 0-N) (see vote tally)
02/27/2012Enrolled
02/27/2012Bill text as passed Senate and House (SB226ER)
02/27/2012Impact statement from TAX (SB226ER)
02/27/2012Signed by Speaker
02/28/2012Signed by President
03/13/2012G Approved by Governor-Chapter 256 (effective 7/1/12)
03/13/2012G Acts of Assembly Chapter text (CHAP0256)