Virginia Senate Bill 1112 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on January 22 2021 - 50% progression, died in chamber
Action: 2021-02-08 - Continued to Special Session 1 in Finance by voice vote
Text: Latest bill text (Engrossed) [HTML]

Research and development tax credits. Provides that the research and development expenses tax credit and the major research and development expenses tax credit shall be available against the bank franchise tax for taxable years beginning on and after January 1, 2021. Under current law, the credits are available only against the individual and corporate income tax. Research and development tax credits. Provides that the research and development expenses tax credit and the major research and development expenses tax credit shall be available against the bank franchise tax for taxable years beginning on and after January 1, 2021. Under current law, the credits are available only against the individual and corporate income tax.

Research and development expenses; tax credit available against the bank franchise tax.

Sen. Mamie Locke [D]

Sen. Louise Lucas [D]

2021-01-25 - Senate - Senate: Read third time and passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-21 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-20 - Senate - Senate: Reported from Finance and Appropriations with amendments (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2021-02-08	House	Continued to Special Session 1 in Finance by voice vote
2021-02-02	House	Referred to Committee on Finance
2021-02-02	House	Read first time
2021-02-02	House	Placed on Calendar
2021-01-25	Senate	Read third time and passed Senate (39-Y 0-N)
2021-01-22	Senate	Printed as engrossed 21101371D-E
2021-01-22	Senate	Engrossed by Senate as amended SB1112E
2021-01-22	Senate	Committee amendments agreed to
2021-01-22	Senate	Reading of amendments waived
2021-01-22	Senate	Read second time
2021-01-21	Senate	Constitutional reading dispensed (39-Y 0-N)
2021-01-20	Senate	Reported from Finance and Appropriations with amendments (15-Y 0-N)
2020-12-15	Senate	Referred to Committee on Finance and Appropriations
2020-12-15	Senate	Prefiled and ordered printed; offered 01/13/21 21101371D

SB1112 (Carry Over) 2021-02-08 - Continued to Special Session 1 in Finance by voice vote

Chapter	Article	Section	Citation Type	Statute Text
58	1	439.12:08	(n/a)	See Bill Text
58	1	439.12:11	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?211+sum+SB1112
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+SB1112+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+SB1112E+hil
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?211+amd+SB1112AS
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/21102366A.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?211+oth+SB1112F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+S05V0045+SB1112
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SV0068SB1112+SB1112
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SV0089SB1112+SB1112