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SB1428

Income tax, state; modification for certain companies, grants, Page County.

Status:
Enacted

Chief Patron:
Mark Obenshain (R)

Session:
2019 Regular Session

Summary

As Introduced. 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. (Less)

  • Bill History

  • 01/08/2019 - Senate: Prefiled and ordered printed; offered 01/09/19 19102459D
  • 01/08/2019 - Senate: Referred to Committee on Finance
  • 01/15/2019 - Senate: Impact statement from TAX (SB1428)
  • 01/16/2019 - Senate: Reported from Finance (15-Y 0-N)
  • 01/17/2019 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 01/18/2019 - Senate: Read second time and engrossed
  • 01/18/2019 - Senate: Engrossment reconsidered by Senate (40-Y 0-N)
  • 01/18/2019 - Senate: Engrossed by Senate
  • 01/21/2019 - Senate: Read third time and passed Senate (40-Y 0-N)
  • 01/24/2019 - House: Placed on Calendar
  • 01/24/2019 - House: Read first time
  • 01/24/2019 - House: Referred to Committee on Finance
  • 02/01/2019 - House: Assigned Finance sub: Subcommittee #1
  • 02/06/2019 - House: Subcommittee recommends reporting (9-Y 1-N)
  • 02/11/2019 - House: Reported from Finance (19-Y 2-N)
  • 02/12/2019 - House: Read second time
  • 02/13/2019 - House: Read third time
  • 02/13/2019 - House: Passed House (91-Y 7-N)
  • 02/13/2019 - House: VOTE: PASSAGE (91-Y 7-N)
  • 02/18/2019 - Senate: Enrolled
  • 02/18/2019 - Senate: Bill text as passed Senate and House (SB1428ER)
  • 02/18/2019 - House: Signed by Speaker
  • 02/19/2019 - Senate: Signed by President
  • 02/20/2019 - Senate: Impact statement from TAX (SB1428ER)
  • 02/20/2019 - Senate: Enrolled Bill Communicated to Governor on February 20, 2019
  • 02/20/2019 - Governor: Governor's Action Deadline Midnight, March 26, 2019
  • 03/08/2019 - Governor: Approved by Governor-Chapter 263 (effective 7/1/19)
  • 03/08/2019 - Governor: Acts of Assembly Chapter text (CHAP0263)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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