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