VA HB1806 | 2017 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: Introduced on January 9 2017 - 25% progression, died in committee
Action: 2017-02-07 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2017 - 25% progression, died in committee
Action: 2017-02-07 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Income tax subtractions and credits for investments in technology businesses. Modifies the qualified equity and subordinated debt investments tax credit by (i) increasing the maximum amount of credits that can be issued each year from $5 million to $7.5 million, (ii) allocating the $2.5 million annual increase in credits to cybersecurity businesses, and (iii) allowing credit for investments in technology businesses with no more than 50 full-time employees.
Title
Income tax subtractions and credits for investments in technology businesses.
Sponsors
| Sen. John Bell [D] | Sen. Jennifer Boysko [D] | Del. Gordon Helsel [R] | Del. Patrick Hope [D] |
| Del. Paul Krizek [D] | Del. Kenneth Plum [D] | Del. Sam Rasoul [D] | Del. Marcus Simon [D] |
Roll Calls
2017-01-25 - House - House: Subcommittee failed to recommend reporting (4-Y 6-N) (Y: 4 N: 6 NV: 1 Abs: 0) [FAIL]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-07 | House | Left in Finance |
| 2017-01-25 | House | Subcommittee failed to recommend reporting (4-Y 6-N) |
| 2017-01-17 | House | Assigned Finance sub: Subcommittee #2 |
| 2017-01-09 | House | Referred to Committee on Finance |
| 2017-01-09 | House | Prefiled and ordered printed; offered 01/11/17 17102085D |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 58 | 1 | 322 | (n/a) | See Bill Text |
| 58 | 1 | 339.4 | (n/a) | See Bill Text |
| 58 | 1 | 402 | (n/a) | See Bill Text |
