Research and development tax credits. (HB1916)
Introduced By
Del. Martha Mugler (D-Hampton with support from 7 copatrons, whose average partisan position is:
Those copatrons are Del. Hala Ayala (D-Woodbridge), Del. Elizabeth Guzman (D-Dale City), Del. Patrick Hope (D-Arlington), Del. Mark Keam (D-Vienna), Del. Kathleen Murphy (D-McLean), Del. Don Scott (D-Portsmouth), Del. Marcus Simon (D-Falls Church)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Research and development tax credits. Provides that the research and development expenses tax credit and the major research and development expenses tax credit shall be available against the bank franchise tax for taxable years beginning on and after January 1, 2021. Under current law, the credits are available only against the individual and corporate income tax. This bill is identical to SB 1112. Read the Bill »
Status
03/11/2021: signed by governor
History
| Date | Action |
|---|---|
| 01/10/2021 | Prefiled and ordered printed; offered 01/13/21 21101909D |
| 01/10/2021 | Referred to Committee on Finance |
| 01/14/2021 | Impact statement from TAX (HB1916) |
| 01/16/2021 | Assigned Finance sub: Subcommittee #2 |
| 01/19/2021 | Subcommittee recommends reporting (11-Y 0-N) |
| 01/20/2021 | Reported from Finance (22-Y 0-N) (see vote tally) |
| 01/21/2021 | Read first time |
| 01/22/2021 | Read second time and engrossed |
| 01/25/2021 | Read third time and passed House BLOCK VOTE (100-Y 0-N) |
| 01/25/2021 | VOTE: Block Vote Passage (100-Y 0-N) (see vote tally) |
| 01/26/2021 | Constitutional reading dispensed |
| 01/26/2021 | Referred to Committee on Finance and Appropriations |
| 02/05/2021 | Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) (see vote tally) |
| 02/16/2021 | Reported from Finance and Appropriations (13-Y 0-N) (see vote tally) |
| 02/16/2021 | Constitutional reading dispensed (37-Y 0-N) (see vote tally) |
| 02/17/2021 | Read third time |
| 02/17/2021 | Passed Senate (38-Y 1-N) (see vote tally) |
| 02/22/2021 | Enrolled |
| 02/22/2021 | Bill text as passed House and Senate (HB1916ER) |
| 02/22/2021 | Signed by President |
| 02/24/2021 | Impact statement from TAX (HB1916ER) |
| 02/24/2021 | Signed by Speaker |
| 02/25/2021 | Enrolled Bill communicated to Governor on February 25, 2021 |
| 02/25/2021 | G Governor's Action Deadline 11:59 p.m., March 31, 2021 |
| 03/11/2021 | G Approved by Governor-Chapter 47 (effective 7/1/21) |
| 03/11/2021 | G Acts of Assembly Chapter text (CHAP0047) |