VA SB1205 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 10 2015 - 100% progression
Action: 2015-03-10 - Governor: Acts of Assembly Chapter text (CHAP0094)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 10 2015 - 100% progression
Action: 2015-03-10 - Governor: Acts of Assembly Chapter text (CHAP0094)
Text: Latest bill text (Chaptered) [HTML]
Summary
Recyclable materials tax credit. Changes the recyclable materials tax credit by (i) extending the expiration date of the credit by five years to January 1, 2020, (ii) increasing the credit allowed from 10 to 20 percent of the purchase price of qualifying machinery and equipment, (iii) prohibiting denial of the credit based solely on another person's use of tangible personal property produced by the credit applicant from recyclable materials, (iv) clarifying that no credit will be allowed for machinery and equipment that does not manufacture, process, compound, or produce items of tangible personal property from recyclable materials, and (v) establishing an annual cap of $2 million in recyclable materials tax credits that may be issued by the Department of Taxation. The provisions of the bill are effective for taxable years beginning on or after January 1, 2015.
Title
Recyclable materials; changes tax credit by extending expiration date to January 1, 2020.
Sponsors
Roll Calls
2015-02-13 - House - House: VOTE: PASSAGE (94-Y 2-N) (Y: 96 N: 2 NV: 4 Abs: 0) [PASS]
2015-02-11 - House - House: Reported from Finance (20-Y 1-N) (Y: 20 N: 1 NV: 1 Abs: 0) [PASS]
2015-02-02 - Senate - Senate: Passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2015-02-02 - Senate - Senate: Reconsideration of passage agreed to by Senate (37-Y 0-N) (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2015-02-02 - Senate - Senate: Read third time and passed Senate (37-Y 0-N) (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2015-01-29 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2015-01-28 - Senate - Senate: Reported from Finance with substitute (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2015-02-11 - House - House: Reported from Finance (20-Y 1-N) (Y: 20 N: 1 NV: 1 Abs: 0) [PASS]
2015-02-02 - Senate - Senate: Passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2015-02-02 - Senate - Senate: Reconsideration of passage agreed to by Senate (37-Y 0-N) (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2015-02-02 - Senate - Senate: Read third time and passed Senate (37-Y 0-N) (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2015-01-29 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2015-01-28 - Senate - Senate: Reported from Finance with substitute (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-10 | Governor: Acts of Assembly Chapter text (CHAP0094) | |
| 2015-03-10 | Governor: Approved by Governor-Chapter 94 (effective 1/1/15) | |
| 2015-02-23 | Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015 | |
| 2015-02-23 | Senate | Enrolled Bill Communicated to Governor on 2/23/15 |
| 2015-02-20 | Senate | Signed by President |
| 2015-02-17 | House | Signed by Speaker |
| 2015-02-17 | Senate | Bill text as passed Senate and House (SB1205ER) |
| 2015-02-17 | Senate | Enrolled |
| 2015-02-13 | House | VOTE: PASSAGE (94-Y 2-N) |
| 2015-02-13 | House | Passed House (94-Y 2-N) |
| 2015-02-13 | House | Read third time |
| 2015-02-12 | House | Read second time |
| 2015-02-11 | House | Reported from Finance (20-Y 1-N) |
| 2015-02-06 | House | Referred to Committee on Finance |
| 2015-02-06 | House | Read first time |
| 2015-02-06 | House | Placed on Calendar |
| 2015-02-02 | Senate | Passed Senate (38-Y 0-N) |
| 2015-02-02 | Senate | Reconsideration of passage agreed to by Senate (37-Y 0-N) |
| 2015-02-02 | Senate | Read third time and passed Senate (37-Y 0-N) |
| 2015-01-30 | Senate | Engrossed by Senate - committee substitute SB1205S1 |
| 2015-01-30 | Senate | Committee substitute agreed to 15104123D-S1 |
| 2015-01-30 | Senate | Reading of substitute waived |
| 2015-01-30 | Senate | Read second time |
| 2015-01-29 | Senate | Constitutional reading dispensed (39-Y 0-N) |
| 2015-01-28 | Senate | Committee substitute printed 15104123D-S1 |
| 2015-01-28 | Senate | Reported from Finance with substitute (14-Y 0-N) |
| 2015-01-13 | Senate | Referred to Committee on Finance |
| 2015-01-13 | Senate | Prefiled and ordered printed; offered 01/14/15 15101974D |
Same As/Similar To
HB1554 (Same As) 2015-03-10 - Governor: Acts of Assembly Chapter text (CHAP0049)
