VA SB733 | 2011 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 6-3)
Status: Engrossed on February 12 2010 - 50% progression, died in committee
Action: 2010-12-02 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]

Summary

State insurance license tax credit. Provides a tax credit against the state license tax liability on certain insurance companies for investments in Virginia small business investment companies. The tax credit will be administered by the Tax Commissioner. The tax credit is capped at $20 million per year and may not exceed $100 million for the life of the program. The bill has an effective date of January 1, 2011.

Tracking Information

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Title

License tax, state; credit for investment in small business investment companies.

Sponsors


Roll Calls

2010-03-01 - House - House: Subcommittee recommends reporting with amendment(s) (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 0) [PASS]
2010-02-15 - Senate - Senate: Read third time and passed Senate (38-Y 2-N) (Y: 38 N: 2 NV: 0 Abs: 0) [PASS]
2010-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-10 - Senate - Senate: Reported from Finance with substitute (10-Y 5-N) (Y: 10 N: 5 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2010-12-02 House: Left in Appropriations
2010-03-02 House: Continued to 2011 in Appropriations by voice vote
2010-03-01 House: Subcommittee recommends reporting with amendment(s) (5-Y 3-N)
2010-02-23 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources
2010-02-17 House: Referred to Committee on Appropriations
2010-02-17 House: Read first time
2010-02-17 House: Placed on Calendar
2010-02-15 Senate: Read third time and passed Senate (38-Y 2-N)
2010-02-12 Senate: Engrossed by Senate - committee substitute SB733S1
2010-02-12 Senate: Committee substitute agreed to 10105232D-S1
2010-02-12 Senate: Reading of substitute waived
2010-02-12 Senate: Read second time
2010-02-11 Senate: Constitutional reading dispensed (40-Y 0-N)
2010-02-10 Senate: Committee substitute printed 10105232D-S1
2010-02-10 Senate: Reported from Finance with substitute (10-Y 5-N)
2010-02-01 Senate: Referred to Committee on Finance
2010-02-01 Senate: Presented and ordered printed 10104768D
2010-02-01 Senate: Introduced at the request of Governor

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
5812532(n/a)See Bill Text
5812551(n/a)See Bill Text

Virginia State Sources


Bill Comments

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