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. Read the Bill »

Status

01/21/2019: Passed the Senate

History

DateAction
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102459D
01/08/2019Referred to Committee on Finance
01/15/2019Impact statement from TAX (SB1428)
01/16/2019Reported from Finance (15-Y 0-N) (see vote tally)
01/17/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/18/2019Read second time and engrossed
01/18/2019Engrossment reconsidered by Senate (40-Y 0-N) (see vote tally)
01/18/2019Engrossed by Senate
01/21/2019Read third time and passed Senate (40-Y 0-N)

Duplicate Bills

The following bills are identical to this one: HB2776.

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