Qualified equity and subordinated debt investments; raises cap on total amount of credits. (SB200)
Introduced By
Sen. Janet Howell (D-Reston) with support from co-patrons Del. Eileen Filler-Corn (D-Fairfax Station), and Sen. Ryan McDougle (R-Mechanicsville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Qualified equity and subordinated debt investments tax credit. Raises the cap on the total amount of credits that may be issued under the qualified equity and subordinated debt investment tax credit from $5 million to $9 million for calendar years beginning on and after January 1, 2016. The bill also raises the cap on the maximum amount of credits available to each taxpayer from $50,000 to $100,000 for taxable years beginning on and after January 1, 2016. This bill incorporates SB 749. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/04/2016 | Prefiled and ordered printed; offered 01/13/16 16101911D |
01/04/2016 | Referred to Committee on Finance |
02/08/2016 | Impact statement from TAX (SB200) |
02/09/2016 | Committee substitute printed to Web only 16105367D-S1 |
02/09/2016 | Continued to 2017 in Finance (15-Y 0-N) (see vote tally) |
02/09/2016 | Incorporates SB749 |
12/02/2016 | Left in Finance |