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HB2776

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

Status:
Enacted

Chief Patron:
Todd Gilbert (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 SB 1428. (Less)

  • Bill History

  • 01/18/2019 - House: Presented and ordered printed 19104907D
  • 01/18/2019 - House: Referred to Committee on Finance
  • 01/22/2019 - House: Assigned Finance sub: Subcommittee #1
  • 01/22/2019 - House: Impact statement from TAX (HB2776)
  • 01/30/2019 - House: Subcommittee recommends reporting (8-Y 1-N)
  • 01/30/2019 - House: Reported from Finance (18-Y 2-N)
  • 02/01/2019 - House: Read first time
  • 02/04/2019 - House: Read second time and engrossed
  • 02/05/2019 - House: Read third time and passed House (90-Y 8-N)
  • 02/05/2019 - House: VOTE: PASSAGE (90-Y 8-N)
  • 02/06/2019 - Senate: Constitutional reading dispensed
  • 02/06/2019 - Senate: Referred to Committee on Finance
  • 02/12/2019 - Senate: Reported from Finance (12-Y 0-N)
  • 02/13/2019 - Senate: Constitutional reading dispensed (39-Y 0-N)
  • 02/13/2019 - Senate: Read third time
  • 02/13/2019 - Senate: Passed Senate (39-Y 0-N)
  • 02/15/2019 - House: Enrolled
  • 02/15/2019 - House: Bill text as passed House and Senate (HB2776ER)
  • 02/15/2019 - House: Signed by Speaker
  • 02/15/2019 - Senate: Signed by President
  • 02/17/2019 - House: Impact statement from TAX (HB2776ER)
  • 02/19/2019 - House: Enrolled Bill communicated to Governor on February 19, 2019
  • 02/19/2019 - Governor: Governor's Action Deadline Midnight, March 26, 2019
  • 03/08/2019 - Governor: Approved by Governor-Chapter 262 (effective 7/1/19)
  • 03/08/2019 - Governor: Acts of Assembly Chapter text (CHAP0262)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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