Education improvement scholarship tax credit program; extends time for disbursement of donations. (SB589)

Introduced By

Sen. Mark Obenshain (R-Harrisonburg)

Progress

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

Description

Education improvement scholarship tax credit program; disbursement of donations. Extends from one year to three years the time during which a scholarship foundation must disburse, for qualified educational expenses, donations it receives for which education improvement scholarship tax credits were issued. Read the Bill »

Status

03/10/2016: Passed the General Assembly

History

DateAction
01/13/2016Prefiled and ordered printed; offered 01/13/16 16103943D
01/13/2016Referred to Committee on Finance
01/29/2016Impact statement from DOE/COO (SB589)
02/03/2016Reported from Finance (15-Y 0-N) (see vote tally)
02/04/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/05/2016Read second time and engrossed
02/08/2016Read third time and passed Senate (36-Y 4-N) (see vote tally)
02/11/2016Placed on Calendar
02/11/2016Read first time
02/11/2016Referred to Committee on Finance
02/16/2016Assigned Finance sub: Subcommittee #1
02/29/2016Reported from Finance with substitute (16-Y 6-N) (see vote tally)
02/29/2016Committee substitute printed 16105900D-H1
03/01/2016Read second time
03/02/2016Impact statement from DPB (SB589H1)
03/02/2016Read third time
03/02/2016Committee substitute agreed to 16105900D-H1
03/02/2016Engrossed by House - committee substitute SB589H1
03/02/2016Passed House with substitute (64-Y 34-N)
03/02/2016VOTE: PASSAGE (64-Y 34-N) (see vote tally)
03/02/2016Reconsideration of House passage agreed to by House
03/02/2016Passed House with substitute (64-Y 35-N)
03/02/2016VOTE: PASSAGE #2 (64-Y 35-N) (see vote tally)
03/04/2016House substitute agreed to by Senate (28-Y 11-N) (see vote tally)
03/04/2016Title replaced 16105900D-H1
03/08/2016Enrolled
03/08/2016Bill text as passed Senate and House (SB589ER)
03/08/2016Impact statement from DPB (SB589ER)
03/08/2016Signed by Speaker
03/10/2016Signed by President
03/11/2016G Governor's Action Deadline Midnight, Monday, April 11, 2016
03/11/2016Enrolled Bill Communicated to Governor on 3/11/16
03/11/2016G Governor's Action Deadline Midnight, Sunday, April 10, 2016

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 5 clips in all, totaling 12 minutes.

Transcript

This is a transcript of the video clips in which this bill is discussed.

YES, SIR. QUICKLY. THIS IS MY HOUSE BILL IS ALMOST A STRAIGHT PARTY LINE BILL, HEAD'S UP. THOSE IN FAVOR SAY AYE. OPPOSED NO. THE MOTION IS AGREED TO. SHALL THE BILL PASS? CLERK WILL CLOSE THE ROLL. AYE, 64, NO. 35.
SENATE BILL 589, PASSED THE HOUSE WITH A SUBSTITUTE. SENATOR THE FROM ROCKINGHAM, SENATOR OBENSHAIN. MR. PRESIDENT, I MOVE TO ACCEPT THE HOUSE SUBSTITUTE. THESE CHANGES CONFORM ESSENTIALLY THE BILL THAT I INTRODUCED TO THE BILL INTRODUCED BY THE DELEGATE FROM HENRICO. THEY'RE MOSTLY NOW CLARIFYING AND TECHNICAL. THEY ALIGN THE CALENDAR FOR REPORTING OF EDUCATIONAL IMPROVEMENT TAX CREDIT PURPOSES. IT ELIMINATES SOME OF THE UNUTILIZED INFORMATION THAT IS REPORTED AND LOWERS THE PENALTY FOR FAILURE TO DISBURSE FUNDS PREMATURE -- OR WITHIN THE STATEMENT PERIOD FROM 200% TO STILL A SUBSTANTIAL PENALTY. 100%. IT DOES NOT DO WHAT MY BILL DID, WHICH WAS A MORE SUBSTANCETIVE CHANGE. MAY BILL WOULD HAVE SPENDED THE PERIOD FOR DISBURSEMENT OF SCHOLARSHIP FUNDS FROM 12 MONTHS TO THREE YEARS. THEY TOOK THAT OUT, SO THIS IS A PALE SHADOW OF WHAT THE FORMER BILL WAS, SO I MOVE THAT IT PASS.

Del. Bill Howell (R-Fredericksburg): THANK YOU, SENATOR. THE QUESTION IS SHALL THE SENATE CONCUR WITH THE ALL IN FAVOR OF THE MOTION WILL RECORD THEIR VOTES AYE, THOSE OPPOSED NO. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY SENATORS DESIRE TO CHANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL.

[Unknown]: AYES 28, NOS 11.
SENATE BILL 589. THE SENATOR FROM ROCK HAM, SENATOR OBENSHAIN.

Sen. Mark Obenshain (R-Harrisonburg): I MOVE THAT WE ADOPT THE GOVERNOR'S RECOMMENDATIONS. THIS BILL WAS MAKING TECHNICAL ADJUSTMENTS TO REPORTING REQUIREMENTS UNDER THE EDUCATIONAL IMPROVEMENT SCHOLARSHIP TAX CREDIT PROGRAM AND WHAT THE GOVERNOR'S AMENDMENTS DID WAS RESTORED THE AMOUNT OF PENALTY UNDER PREVIOUSLY EXISTING LAW TO 200% OF AN AMOUNT THAT -- TO A DIFFERENTIAL BASICALLY RATHER THAN THE 100% REDUCED LEVEL OF THE PENALTY THAT HAD BEEN IN THE BILL. SO, IT IS JUST A TECHNICAL ADJUSTMENT THAT IS RESTORING THE STATUS QUO ANTE.

[Unknown]: THE REQUEST HE IS SHALL THE GOVERNOR'S RECOMMENDATIONS BE AGREED TO. ALL IN FAVOR OF THE MOTION WILL. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY SENATORS DESIRE TO CH ANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL. AYES. >> AYES 39, NOS 0. >> THE GOVERNOR'S REPRESENTATIONS ARE AGREED TO.

Sen. Mark Obenshain (R-Harrisonburg): SENATE BILL 611.

[Unknown]: SENATOR STANLEY.