Virginia Senate Bill 749 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 22 2016 - 25% progression, died in chamber
Action: 2016-02-09 - Incorporated by Finance
Text: Latest bill text (Introduced) [HTML]

Qualified Equity and Subordinated Debt Investments Tax Credit. Raises the cap on the total number of credits that may be issued per year under the qualified equity and subordinated debt investments tax credit from $5 million to $9 million for calendar years beginning on or after January 1, 2016, and sunsets the tax credit on January 1, 2021. The bill also requires the Department of Taxation to provide an annual report to the Governor, and any member of the General Assembly upon request, on the issuance of such tax credits.

Qualified equity and subordinated debt investments tax credit; qualified businesses.

Sen. Ryan McDougle [R]

2016-02-09 - Senate - Senate: Incorporated by Finance (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2016-02-09	Senate	Incorporated by Finance
2016-01-22	Senate	Referred to Committee on Finance
2016-01-22	Senate	Presented and ordered printed 16104673D

SB200 (Similar To) 2016-02-09 - Incorporates SB749

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.4	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+SB749
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB749+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S05V0099+SB0749