Virginia Senate Bill 1470 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Vetoed on March 13 2017 - 100% progression
Action: 2017-04-05 - Requires 27 affirmative votes to override veto
Text: Latest bill text (Enrolled) [HTML]

Coal tax credits. Reinstates the Virginia coal employment and production incentive tax credit. The credit, which expired on July 1, 2016, could be earned on and after January 1, 2017, but before January 1, 2022. The bill limits the aggregate amount of credits that may be allocated or claimed for the coal employment and production incentive tax credit in each fiscal year to $7.3 million. An electricity generator must file an application with the Department of Taxation each year to determine the amount of credits that it may claim or allocate, including credits earned in prior taxable years. If the total amount of credits earned in a taxable year exceeds $7.3 million, the Department of Taxation shall apportion the credits on a pro rata basis. The bill also extends the sunset date of the coalfield employment enhancement tax credit through taxable years beginning before January 1, 2022. This bill is identical to HB 2198.

Coal tax; limits aggregate amount of credits that may be allocated or claimed for employment, etc.

Sen. Benton Chafin [R]

Sen. Charles Carrico [R]

2017-04-05 - Senate - Senate: Senate sustained Governor's veto (24-Y 16-N) (Y: 24 N: 16 NV: 0 Abs: 0) [PASS]
2017-02-15 - House - House: VOTE: PASSAGE (68-Y 29-N 1-A) (Y: 68 N: 29 NV: 2 Abs: 1) [PASS]
2017-02-13 - House - House: Reported from Finance (15-Y 6-N) (Y: 15 N: 6 NV: 0 Abs: 1) [PASS]
2017-02-03 - Senate - Senate: Read third time and passed Senate (25-Y 15-N) (Y: 25 N: 15 NV: 0 Abs: 0) [PASS]
2017-02-01 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2017-01-31 - Senate - Senate: Reported from Finance with amendment (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2017-04-05	Senate	Requires 27 affirmative votes to override veto
2017-04-05	Senate	Senate sustained Governor's veto (24-Y 16-N)
2017-03-13		Governor: Vetoed by Governor
2017-02-21		Governor: Governor's Action Deadline Midnight, March 27, 2017
2017-02-21	Senate	Enrolled Bill Communicated to Governor on 2/21/17
2017-02-20	Senate	Signed by President
2017-02-17	House	Signed by Speaker
2017-02-17	Senate	Bill text as passed Senate and House (SB1470ER)
2017-02-17	Senate	Enrolled
2017-02-15	House	VOTE: PASSAGE (68-Y 29-N 1-A)
2017-02-15	House	Passed House (68-Y 29-N 1-A)
2017-02-15	House	Read third time
2017-02-14	House	Read second time
2017-02-13	House	Reported from Finance (15-Y 6-N)
2017-02-08	House	Referred to Committee on Finance
2017-02-08	House	Read first time
2017-02-08	House	Placed on Calendar
2017-02-03	Senate	Read third time and passed Senate (25-Y 15-N)
2017-02-02	Senate	Printed as engrossed 17103387D-E
2017-02-02	Senate	Engrossed by Senate as amended SB1470E
2017-02-02	Senate	Committee amendment agreed to
2017-02-02	Senate	Reading of amendment waived
2017-02-02	Senate	Read second time
2017-02-01	Senate	Constitutional reading dispensed (40-Y 0-N)
2017-01-31	Senate	Reported from Finance with amendment (11-Y 4-N)
2017-01-16	Senate	Referred to Committee on Finance
2017-01-16	Senate	Presented and ordered printed 17103387D

Chapter	Article	Section	Citation Type	Statute Text
58	1	433.1	(n/a)	See Bill Text
58	1	439.2	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+SB1470
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB1470+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB1470E+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB1470ER+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S05V0154+SB1470
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+SV0229SB1470+SB1470
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+SV0284SB1470+SB1470
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+H10V0137+SB1470
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+HV2357+SB1470
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+SV1134SB1470+SB1470