Major business facility; job tax credit to spread over two years per qualified full-time employee. (HB1844)

Introduced By

Del. Matthew James (D-Portsmouth) with support from co-patrons Del. Kathy Byron (R-Lynchburg), and Del. Scott Garrett (R-Lynchburg)

Progress

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

Description

Major Business Facility Job Tax Credit. Makes permanent the provision requiring a qualified major business facility to spread the credit allowed per qualified full-time employee over two taxable years, i.e., to take 50 percent of the credit in each year, instead of over three taxable years. Under current law, this requirement applied only to taxable years beginning January 1, 2009, through December 31, 2014. Amends § 58.1-439, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/13/2015Committee
01/13/2015Prefiled and ordered printed; offered 01/14/15 15102138D
01/13/2015Referred to Committee on Finance
01/20/2015Impact statement from TAX (HB1844)
01/20/2015Assigned Finance sub: Subcommittee #3
01/23/2015Subcommittee recommends reporting (4-Y 0-N)
01/26/2015Reported from Finance (21-Y 1-N) (see vote tally)
01/27/2015Read first time
01/28/2015Passed by for the day
01/29/2015Read second time and engrossed
01/30/2015Read third time and passed House (93-Y 2-N)
01/30/2015VOTE: PASSAGE (93-Y 2-N) (see vote tally)
02/02/2015Constitutional reading dispensed
02/02/2015Referred to Committee on Finance
02/09/2015Impact statement from TAX (HB1844)
02/11/2015Reported from Finance (14-Y 0-N) (see vote tally)
02/12/2015Constitutional reading dispensed (37-Y 0-N) (see vote tally)
02/13/2015Read third time
02/13/2015Passed Senate (36-Y 0-N) (see vote tally)
02/18/2015Enrolled
02/18/2015Bill text as passed House and Senate (HB1844ER)
02/18/2015Signed by Speaker
02/19/2015Impact statement from TAX (HB1844ER)
02/20/2015Signed by President
02/23/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/23/2015Enrolled Bill communicated to Governor on 2/23/15
02/23/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/2015G Approved by Governor-Chapter 451 (effective 7/1/15)
03/23/2015G Acts of Assembly Chapter text (CHAP0451)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.