Major business facility job tax credit; extends sunset date. (HB2003)

Introduced By

Del. Lashrecse D. Aird (D-Petersburg) with support from co-patron Del. Matthew James (D-Portsmouth)

Progress

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

Description

Major business facility job tax credit; extension; access to information. Extends the sunset date of the major business facility job tax credit from January 1, 2020, to July 1, 2022. The bill also requires the Department of Taxation, for taxable years beginning on and after January 1, 2019, to publish the following information about companies that are using the credit: (i) locations of sites used for major business facilities for which a credit was claimed, (ii) North American Industry Classification System codes used for the major business facilities for which a credit was claimed, (iii) number of qualified full time employees for whom a credit was claimed, and (iv) total cost to the Commonwealth's general fund of the credits claimed. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2019Committee
01/07/2019Prefiled and ordered printed; offered 01/09/19 19102073D
01/07/2019Referred to Committee on Finance
01/11/2019Assigned Finance sub: Subcommittee #1
01/15/2019Impact statement from TAX (HB2003)
01/16/2019House subcommittee amendments and substitutes offered
01/16/2019Subcommittee recommends reporting with amendments (8-Y 2-N)
01/21/2019Reported from Finance with amendments (20-Y 2-N) (see vote tally)
01/23/2019Read first time
01/24/2019Read second time
01/24/2019Committee amendments agreed to
01/24/2019Engrossed by House as amended HB2003E
01/24/2019Printed as engrossed 19102073D-E
01/25/2019Read third time and passed House (90-Y 7-N)
01/25/2019VOTE: PASSAGE (90-Y 7-N) (see vote tally)
01/28/2019Constitutional reading dispensed
01/28/2019Referred to Committee on Finance
02/05/2019Impact statement from TAX (HB2003E)
02/12/2019Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/12/2019Committee substitute printed 19106447D-S1
02/13/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/14/2019Passed Senate with substitute
02/14/2019Passed Senate (40-Y 0-N) (see vote tally)
02/14/2019Read third time
02/14/2019Reading of substitute waived
02/14/2019Committee substitute agreed to 19106447D-S1
02/14/2019Engrossed by Senate - committee substitute HB2003S1
02/14/2019Passed Senate with substitute (40-Y 0-N) (see vote tally)
02/18/2019Placed on Calendar
02/18/2019Senate substitute agreed to by House 19106447D-S1 (89-Y 8-N)
02/18/2019VOTE: ADOPTION (89-Y 8-N) (see vote tally)
02/21/2019Bill text as passed House and Senate (HB2003ER)
02/21/2019Enrolled
02/21/2019Impact statement from TAX (HB2003ER)
02/21/2019Signed by Speaker
02/21/2019Signed by President
02/28/2019Enrolled Bill communicated to Governor on February 28, 2019
02/28/2019G Governor's Action Deadline Midnight, March 26, 2019
03/21/2019G Approved by Governor-Chapter 699 (effective 7/1/19)
03/21/2019G Acts of Assembly Chapter text (CHAP0699)