Bill Text: VA HB18 | 2012 | Regular Session | Engrossed
Bill Title: Space flight entities; transfer of certain revenue to Va. Commercial Space Flight Authority, etc.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2012-02-22 - Senate: Incorporated by Finance [HB18 Detail]
Download: Virginia-2012-HB18-Engrossed.html
12100277D
Be it enacted by the General Assembly of Virginia: 1. That §58.1-423 of the Code of Virginia is amended and reenacted as follows: §58.1-423. Income tax paid by commercial spaceflight entities. A. Beginning July 1, 2011, and for fiscal years 2012, 2013,
2014, and 2015, the portion of the B. For purposes of this section, a qualified corporation or limited liability company is a corporation or limited liability company that engages in commercial human spaceflights or commercial spaceflight training.
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