Tax credits, certain; aggregate caps. (SB1540)

Introduced By

Sen. Glen Sturtevant (R-Midlothian)

Progress

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

Description

Certain tax credits; aggregate caps. Reduces the total aggregate caps of the historic rehabilitation tax credit, the research and development expenses tax credit, the major research and development expenses tax credit, and the land preservation tax credit over a period of 10 years, so that no credits are available for any of the credits beginning in 2027. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/20/2017Presented and ordered printed 17103686D
01/20/2017Referred to Committee on Finance
01/30/2017Impact statement from TAX (SB1540)
01/31/2017Passed by indefinitely in Finance (16-Y 0-N) (see vote tally)