Land preservation tax credits; withholding tax of nonresident owners. (SB1286)
Introduced By
Sen. Mark Obenshain (R-Harrisonburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Land preservation tax credits; withholding tax of nonresident owners. Allows a pass-through entity to claim a land preservation tax credit against the taxes withheld on the Virginia source income of a nonresident owner of the entity. The use of such credit against the withholding tax by the pass-through entity would not be subject to the two percent transfer fee. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/10/2017 | Prefiled and ordered printed; offered 01/11/17 17102244D |
01/10/2017 | Referred to Committee on Finance |
01/30/2017 | Impact statement from TAX (SB1286) |
02/01/2017 | Reported from Finance with substitute (16-Y 0-N) (see vote tally) |
02/01/2017 | Committee substitute printed 17104894D-S1 |
02/02/2017 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/03/2017 | Read second time |
02/03/2017 | Reading of substitute waived |
02/03/2017 | Committee substitute agreed to 17104894D-S1 |
02/03/2017 | Engrossed by Senate - committee substitute SB1286S1 |
02/03/2017 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/03/2017 | Passed Senate (40-Y 0-N) (see vote tally) |
02/07/2017 | Impact statement from TAX (SB1286S1) |
02/08/2017 | Placed on Calendar |
02/08/2017 | Read first time |
02/08/2017 | Referred to Committee on Finance |
02/08/2017 | Assigned Finance sub: Subcommittee #2 |
02/08/2017 | Subcommittee recommends reporting (10-Y 0-N) |
02/13/2017 | Reported from Finance (22-Y 0-N) (see vote tally) |
02/14/2017 | Read second time |
02/15/2017 | Read third time |
02/15/2017 | Passed House BLOCK VOTE (99-Y 0-N) |
02/15/2017 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
02/17/2017 | Enrolled |
02/17/2017 | Bill text as passed Senate and House (SB1286ER) |
02/17/2017 | Signed by Speaker |
02/20/2017 | Signed by President |
02/21/2017 | Enrolled Bill Communicated to Governor on 2/21/17 |
02/21/2017 | G Governor's Action Deadline Midnight, March 27, 2017 |
03/06/2017 | Impact statement from TAX (SB1286ER) |
03/24/2017 | G Approved by Governor-Chapter 725 (effective 7/1/17) |
03/24/2017 | G Acts of Assembly Chapter text (CHAP0725) |