Income tax, state; modification for certain companies, grants, Page County. (SB1428)
Introduced By
Sen. Mark Obenshain (R-Harrisonburg) with support from co-patron 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 HB 2776. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/08/2019 | Prefiled and ordered printed; offered 01/09/19 19102459D |
01/08/2019 | Referred to Committee on Finance |
01/15/2019 | Impact statement from TAX (SB1428) |
01/16/2019 | Reported from Finance (15-Y 0-N) (see vote tally) |
01/17/2019 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/18/2019 | Read second time and engrossed |
01/18/2019 | Engrossment reconsidered by Senate (40-Y 0-N) (see vote tally) |
01/18/2019 | Engrossed by Senate |
01/21/2019 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
01/24/2019 | Placed on Calendar |
01/24/2019 | Read first time |
01/24/2019 | Referred to Committee on Finance |
02/01/2019 | Assigned Finance sub: Subcommittee #1 |
02/06/2019 | Subcommittee recommends reporting (9-Y 1-N) |
02/11/2019 | Reported from Finance (19-Y 2-N) (see vote tally) |
02/12/2019 | Read second time |
02/13/2019 | Read third time |
02/13/2019 | Passed House (91-Y 7-N) |
02/13/2019 | VOTE: PASSAGE (91-Y 7-N) (see vote tally) |
02/18/2019 | Enrolled |
02/18/2019 | Bill text as passed Senate and House (SB1428ER) |
02/18/2019 | Signed by Speaker |
02/19/2019 | Signed by President |
02/20/2019 | G Governor's Action Deadline Midnight, March 25, 2019 |
02/20/2019 | Impact statement from TAX (SB1428ER) |
02/20/2019 | Enrolled Bill Communicated to Governor on February 20, 2019 |
02/20/2019 | G Governor's Action Deadline Midnight, March 26, 2019 |
03/08/2019 | G Approved by Governor-Chapter 263 (effective 7/1/19) |
03/08/2019 | G Acts of Assembly Chapter text (CHAP0263) |