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

03/25/2021: signed by governor

History

DateAction
01/07/2021Prefiled and ordered printed; offered 01/13/21 21102042D
01/07/2021Referred to Committee on Finance and Appropriations
01/20/2021Reported from Finance and Appropriations (15-Y 0-N) (see vote tally)
01/20/2021Impact statement from TAX (SB1158)
01/21/2021Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/22/2021Read second time and engrossed
01/25/2021Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/02/2021Placed on Calendar
02/02/2021Read first time
02/02/2021Referred to Committee on Finance
02/08/2021Continued to Special Session 1 in Finance
02/09/2021Assigned Finance sub: Subcommittee #2
02/11/2021Subcommittee recommends reporting (10-Y 0-N)
02/15/2021Reported from Finance (22-Y 0-N) (see vote tally)
02/17/2021Read second time
02/18/2021Read third time
02/18/2021Passed House (95-Y 4-N 1-A)
02/18/2021VOTE: Passage (95-Y 4-N 1-A) (see vote tally)
02/22/2021Enrolled
02/22/2021Bill text as passed Senate and House (SB1158ER)
02/22/2021Signed by President
02/24/2021Signed by Speaker
02/24/2021Impact statement from TAX (SB1158ER)
02/25/2021Enrolled Bill Communicated to Governor on February 25, 2021
02/25/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/25/2021G Approved by Governor-Chapter 373 (effective 7/1/21)
03/25/2021G Acts of Assembly Chapter text (CHAP0373)