VA SB1112 | 2021 | 1st Special Session

Note: Carry Over of previous SB1112

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on March 11 2021 - 100% progression
Action: 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0048)
Text: Latest bill text (Chaptered) [HTML]

Summary

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.

Tracking Information

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Title

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

Sponsors


Roll Calls

2021-02-15 - House - House: VOTE: Block Vote Passage (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-10 - House - House: Reported from Finance (21-Y 0-N) (Y: 0 N: 0 NV: 0 Abs: 1) [FAIL]
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]

History

DateChamberAction
2021-03-11 Governor: Acts of Assembly Chapter text (CHAP0048)
2021-03-11 Governor: Approved by Governor-Chapter 48 (effective 7/1/21)
2021-02-22 Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
2021-02-22SenateEnrolled Bill Communicated to Governor on February 22, 2021
2021-02-18HouseSigned by Speaker
2021-02-17SenateSigned by President
2021-02-17SenateBill text as passed Senate and House (SB1112ER)
2021-02-17SenateEnrolled
2021-02-15HouseVOTE: Block Vote Passage (100-Y 0-N)
2021-02-15HousePassed House BLOCK VOTE (100-Y 0-N)
2021-02-15HouseRead third time
2021-02-12HouseRead second time
2021-02-10HouseReported from Finance (21-Y 0-N)
2021-02-08HouseContinued to Special Session 1 in Finance by voice vote
2021-02-02HouseReferred to Committee on Finance
2021-02-02HouseRead first time
2021-02-02HousePlaced on Calendar
2021-01-25SenateRead third time and passed Senate (39-Y 0-N)
2021-01-22SenatePrinted as engrossed 21101371D-E
2021-01-22SenateEngrossed by Senate as amended SB1112E
2021-01-22SenateCommittee amendments agreed to
2021-01-22SenateReading of amendments waived
2021-01-22SenateRead second time
2021-01-21SenateConstitutional reading dispensed (39-Y 0-N)
2021-01-20SenateReported from Finance and Appropriations with amendments (15-Y 0-N)
2020-12-15SenateReferred to Committee on Finance and Appropriations
2020-12-15SenatePrefiled and ordered printed; offered 01/13/21 21101371D

Same As/Similar To

SB1112 (Carry Over) 2021-02-08 - Continued to Special Session 1 in Finance by voice vote
HB1916 (Same As) 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0047)
HB1916 (Same As) 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0047)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.12:08(n/a)See Bill Text
581439.12:11(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+SB1112
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1112+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1112E+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1112ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0048+hil
Amendmenthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+SB1112AS
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+SB1112F161+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+SB1112FE161+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+SB1112FER161+PDF
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+S05C0045+SB1112
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SC0068SB1112+SB1112
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SC0089SB1112+SB1112
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H10V0001+SB1112
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HV1553+SB1112

Bill Comments

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