Port of Virginia tax credits; extends the sunset date. (SB1158)

Introduced By

Sen. Lionell Spruill (D-Chesapeake) with support from co-patron Sen. Monty Mason (D-Williamsburg)

Progress

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

Description

Port of Virginia tax credits; sunset. Extends the sunset for the international trade facility tax credit, the barge and rail usage tax credit, and the port volume increase tax credit from taxable years before January 1, 2022, to taxable years before January 1, 2025. Read the Bill »

Status

04/14/2021: Awaiting a Vote in the Finance Committee

History

Date	Action
01/07/2021	Prefiled and ordered printed; offered 01/13/21 21102042D
01/07/2021	Referred to Committee on Finance and Appropriations
01/20/2021	Reported from Finance and Appropriations (15-Y 0-N) (see vote tally)
01/20/2021	Impact statement from TAX (SB1158)
01/21/2021	Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/22/2021	Read second time and engrossed
01/25/2021	Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/02/2021	Placed on Calendar
02/02/2021	Read first time
02/02/2021	Referred to Committee on Finance
02/08/2021	Continued to Special Session 1 in Finance
02/09/2021	Assigned Finance sub: Subcommittee #2
02/11/2021	Subcommittee recommends reporting (10-Y 0-N)
02/15/2021	Reported from Finance (22-Y 0-N) (see vote tally)
02/17/2021	Read second time
02/18/2021	Read third time
02/18/2021	Passed House (95-Y 4-N 1-A)
02/18/2021	VOTE: Passage (95-Y 4-N 1-A) (see vote tally)
02/22/2021	Enrolled
02/22/2021	Bill text as passed Senate and House (SB1158ER)
02/22/2021	Signed by President
02/24/2021	Signed by Speaker
02/24/2021	Impact statement from TAX (SB1158ER)
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
03/25/2021	G Approved by Governor-Chapter 373 (effective 7/1/21)
03/25/2021	G Acts of Assembly Chapter text (CHAP0373)