VA HB471 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 7 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
State and local tax and regulatory exemptions for new small businesses. Exempts new small businesses from (i) payment of unemployment, sales and use, and local license taxes and (ii) certain registration and reporting requirements with the State Corporation Commission. The bill defines an eligible business as any business that has its principal place of business in the Commonwealth, has not been in existence for more than five years, and has fewer than six employees or has paid less than $5,000 for the purchase or lease of business personal property, including machinery and tools and merchants' capital, since its inception.
Title
Small businesses, new; state and local tax and regulatory exemptions.
Sponsors
| Del. David Reid [D] |
Roll Calls
2018-02-02 - House - House: Subcommittee recommends passing by indefinitely (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-13 | House | Left in Finance |
| 2018-02-02 | House | Subcommittee recommends passing by indefinitely (5-Y 3-N) |
| 2018-02-01 | House | Assigned Finance sub: Subcommittee #3 |
| 2018-01-30 | House | Referred to Committee on Finance |
| 2018-01-30 | House | Referred from Commerce and Labor by voice vote |
| 2018-01-25 | House | Subcommittee recommends referring to Committee on Finance |
| 2018-01-25 | House | Subcommittee recommends reporting with amendments by voice vote |
| 2018-01-17 | House | Assigned C & L sub: Subcommittee #1 |
| 2018-01-07 | House | Referred to Committee on Commerce and Labor |
| 2018-01-07 | House | Prefiled and ordered printed; offered 01/10/18 18103342D |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 12 | 1 | 19.2 | (n/a) | See Bill Text |
| 13 | 1 | 1011 | (n/a) | See Bill Text |
| 13 | 1 | 1015 | (n/a) | See Bill Text |
| 13 | 1 | 619 | (n/a) | See Bill Text |
| 13 | 1 | 634 | (n/a) | See Bill Text |
| 58 | 1 | 3703 | (n/a) | See Bill Text |
| 58 | 1 | 609.3 | (n/a) | See Bill Text |
| 60 | 2 | 212.3 | (n/a) | See Bill Text |
