Income tax subtraction; long-term capital gain from qualified investments. (SB904)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

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

Description

Income tax subtraction; long-term capital gain from qualified investments. Authorizes qualified investments to be made through June 30, 2017, in order to be eligible for the long-term capital gains income tax subtraction. Under current laws, qualified investments may be made through June 30, 2015. Amends § 58.1-322, § 58.1-402, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2015Prefiled and ordered printed; offered 01/14/15 15101865D
01/07/2015Referred to Committee on Finance
01/18/2015Impact statement from TAX (SB904)
01/27/2015Reported from Finance with amendments (15-Y 0-N) (see vote tally)
01/28/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/29/2015Read second time
01/29/2015Reading of amendments waived
01/29/2015Committee amendments agreed to
01/29/2015Engrossed by Senate as amended SB904E
01/29/2015Printed as engrossed 15101865D-E
01/29/2015Engrossed bill reprinted 15101865D-E
01/30/2015Read third time and passed Senate (38-Y 0-N) (see vote tally)
02/06/2015Placed on Calendar
02/06/2015Read first time
02/06/2015Referred to Committee on Finance
02/10/2015Impact statement from TAX (SB904E)
02/11/2015Reported from Finance (21-Y 0-N) (see vote tally)
02/12/2015Read second time
02/13/2015Read third time
02/13/2015Passed House BLOCK VOTE (97-Y 0-N)
02/13/2015VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/17/2015Enrolled
02/17/2015Bill text as passed Senate and House (SB904ER)
02/17/2015Signed by Speaker
02/19/2015Impact statement from TAX (SB904ER)
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
03/19/2015G Approved by Governor-Chapter 335 (effective 7/1/15)
03/19/2015G Acts of Assembly Chapter text (CHAP0335)

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 35 seconds.