Small businesses; waiver of penalties related to taxes. (SB506)

Introduced By

Sen. Glen Sturtevant (R-Midlothian)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Waiver of tax penalties for small businesses. Waives any tax penalties for a small business during its first two years of operation as long as the business enters into an installment agreement with the Tax Commissioner for the payment of taxes. Read the Bill »


Bill Has Failed


01/12/2016Prefiled and ordered printed; offered 01/13/16 16101358D
01/12/2016Referred to Committee on Finance
01/23/2016Impact statement from TAX (SB506)
01/24/2016Impact statement from TAX (SB506)
01/26/2016Reported from Finance with amendments (11-Y 4-N) (see vote tally)
01/27/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/28/2016Read second time
01/28/2016Reading of amendments waived
01/28/2016Committee amendments agreed to
01/28/2016Engrossed by Senate as amended SB506E
01/28/2016Printed as engrossed 16101358D-E
01/29/2016Passed by for the day
02/01/2016Passed by for the day
02/02/2016Passed by for the day
02/03/2016Passed by for the day
02/04/2016Passed by for the day
02/05/2016Passed by for the day
02/08/2016Passed by for the day
02/09/2016Passed by for the day
02/10/2016Read third time and passed Senate (39-Y 1-N) (see vote tally)
02/12/2016Placed on Calendar
02/12/2016Read first time
02/12/2016Referred to Committee on Finance
02/25/2016Impact statement from TAX (SB506E)
03/08/2016Left in Finance


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 26 seconds.