Virginia Senate Bill 15 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 3 2015 - 25% progression, died in committee
Action: 2016-12-02 - Left in Finance
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Local economic development. Provides that the Virginia income tax net revenue and sales and use tax generated by certain corporations or limited liability companies within a qualified locality be transferred to the qualified locality under certain conditions. A qualified locality is one that (i) has made application to the Virginia Economic Development Partnership Authority for a Major Employment and Investment Project Site Planning Grant and has been rejected for such grant and (ii) has expended local funds for the economic development purposes specified in the requirements for such grant provided by statute and in guidelines of the Authority. The bill provides that the total amount eligible to be returned to a qualified locality shall not exceed $5 million for any single economic development project.

Economic development, local; transfer of taxes to qualified locality.

Del. Thomas Garrett [R]

2016-01-26 - Senate - Senate: Continued to 2017 in Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-19 - Senate - Senate: Rereferred from Local Government (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2016-12-02	Senate	Left in Finance
2016-01-26	Senate	Continued to 2017 in Finance (15-Y 0-N)
2016-01-19	Senate	Rereferred to Finance
2016-01-19	Senate	Rereferred from Local Government (13-Y 0-N)
2015-12-03	Senate	Referred to Committee on Local Government
2015-12-03	Senate	Prefiled and ordered printed; offered 01/13/16 16100525D

Chapter	Article	Section	Citation Type	Statute Text
15	2	941.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+SB15
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB15+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S07C0001+SB0015
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S05C0008+SB0015