Enterprise zone grants and tax credits; qualified real property improvement expenditures. (SB1328)

Introduced By

Sen. Bill Carrico (R-Grayson)

Progress

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

Description

Enterprise zone grants and tax credits; qualified real property improvement expenditures. Provides that an expenditure for an improvement to real property may qualify for a grant or tax credit regardless of whether it is capitalized or deducted as a business expense under federal Treasury Regulations. Amends § 59.1-280.1, § 59.1-548, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2017Prefiled and ordered printed; offered 01/11/17 17102843D
01/10/2017Referred to Committee on Commerce and Labor
01/15/2017Impact statement from TAX (SB1328)
01/16/2017Rereferred from Commerce and Labor (14-Y 0-N) (see vote tally)
01/16/2017Rereferred to Finance
02/01/2017Reported from Finance (16-Y 0-N) (see vote tally)
02/02/2017Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/03/2017Read second time and engrossed
02/03/2017Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/03/2017Passed Senate (40-Y 0-N) (see vote tally)
02/07/2017Impact statement from TAX (SB1328)
02/08/2017Placed on Calendar
02/08/2017Read first time
02/08/2017Referred to Committee on Finance
02/08/2017Assigned Finance sub: Subcommittee #2
02/08/2017Subcommittee recommends reporting (9-Y 1-N)
02/13/2017Reported from Finance (21-Y 1-N) (see vote tally)
02/14/2017Read second time
02/15/2017Read third time
02/15/2017Passed House (93-Y 6-N)
02/15/2017VOTE: PASSAGE (93-Y 6-N) (see vote tally)
02/17/2017Enrolled
02/17/2017Bill text as passed Senate and House (SB1328ER)
02/17/2017Signed by Speaker
02/20/2017Signed by President
02/21/2017Enrolled Bill Communicated to Governor on 2/21/17
02/21/2017G Governor's Action Deadline Midnight, March 27, 2017
02/22/2017Impact statement from TAX (SB1328ER)
03/13/2017G Approved by Governor-Chapter 451 (effective 7/1/17)
03/13/2017G 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, 1 clip in all, totaling 1 minute.