Income tax, state; modification for certain companies, grants, Page County. (HB2776)

Introduced By

Del. Todd Gilbert (R-Woodstock)

Progress

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

Description

Income tax; modification for certain companies; grants; Page County. Adds Page County to the list of qualified localities in which a company may invest to become eligible for income tax modification. Under current law, a company is eligible for such modification if, among other things, it either (i) invests at least $5 million in new capital investment in a qualified locality and creates at least 10 jobs paying at least 150 percent of the minimum wage in a qualified locality or (ii) creates at least 50 jobs paying at least 150 percent of the minimum wage in a qualified locality. This bill is identical to SB 1428. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/18/2019Presented and ordered printed 19104907D
01/18/2019Referred to Committee on Finance
01/22/2019Assigned Finance sub: Subcommittee #1
01/22/2019Impact statement from TAX (HB2776)
01/30/2019Subcommittee recommends reporting (8-Y 1-N)
01/30/2019Reported from Finance (18-Y 2-N) (see vote tally)
02/01/2019Read first time
02/04/2019Read second time and engrossed
02/05/2019Read third time and passed House (90-Y 8-N)
02/05/2019VOTE: PASSAGE (90-Y 8-N) (see vote tally)
02/06/2019Constitutional reading dispensed
02/06/2019Referred to Committee on Finance
02/12/2019Reported from Finance (12-Y 0-N) (see vote tally)
02/13/2019Passed Senate
02/13/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/13/2019Read third time
02/13/2019Passed Senate (39-Y 0-N) (see vote tally)
02/15/2019Enrolled
02/15/2019Bill text as passed House and Senate (HB2776ER)
02/15/2019Signed by Speaker
02/15/2019Signed by President
02/17/2019Impact statement from TAX (HB2776ER)
02/19/2019G Governor's Action Deadline Midnight, March 25, 2019
02/19/2019Enrolled Bill communicated to Governor on February 19, 2019
02/19/2019G Governor's Action Deadline Midnight, March 26, 2019
03/08/2019G Approved by Governor-Chapter 262 (effective 7/1/19)
03/08/2019G Acts of Assembly Chapter text (CHAP0262)

Duplicate Bills

The following bills are identical to this one: SB1428.

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