Investments; qualification for tax credits, clarifies meaning of funding portal, guidelines. (HB1872)
Introduced By
Sen. Jennifer McClellan (D-Richmond) with support from co-patron Del. Tag Greason (R-Potomac Falls)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Investments that qualify for tax credits; qualified website. Specifies that if an investment that is otherwise eligible for a tax credit under the Code of Virginia is made through a website that offers general solicitation or "crowdfunding," such website must be registered with the Department of Taxation. In order to register, the website shall meet all federal requirements for such sites and shall disseminate certain information to potential investors concerning the entities seeking investments through the website. The bill directs the Department to develop guidelines concerning the registration, and to post on its website a list of registered websites. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/08/2013 | Committee |
01/08/2013 | Prefiled and ordered printed; offered 01/09/13 13101644D |
01/08/2013 | Referred to Committee on Finance |
01/14/2013 | Assigned Finance sub: #3 |
01/17/2013 | Impact statement from TAX (HB1872) |
01/18/2013 | Subcommittee recommends reporting with amendment(s) (5-Y 0-N) |
01/30/2013 | Reported from Finance with substitute (21-Y 0-N) (see vote tally) |
01/30/2013 | Committee substitute printed 13104178D-H1 |
02/01/2013 | Read first time |
02/04/2013 | Read second time |
02/04/2013 | Committee substitute agreed to 13104178D-H1 |
02/04/2013 | Engrossed by House - committee substitute HB1872H1 |
02/05/2013 | Read third time and passed House BLOCK VOTE (100-Y 0-N) |
02/05/2013 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
02/06/2013 | Constitutional reading dispensed |
02/06/2013 | Referred to Committee on Finance |
02/08/2013 | Constitutional reading dispensed |
02/08/2013 | Referred to Committee on Finance |
02/12/2013 | Reported from Finance (15-Y 0-N) (see vote tally) |
02/12/2013 | Impact statement from TAX (HB1872H1) |
02/13/2013 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/14/2013 | Read third time |
02/14/2013 | Passed Senate (40-Y 0-N) (see vote tally) |
02/20/2013 | Enrolled |
02/20/2013 | Bill text as passed House and Senate (HB1872ER) |
02/20/2013 | Signed by Speaker |
02/20/2013 | Signed by President |
02/21/2013 | Impact statement from TAX (HB1872ER) |
03/13/2013 | G Approved by Governor-Chapter 289 (effective 7/1/13) |
03/13/2013 | G Acts of Assembly Chapter text (CHAP0289) |