Bill Text: VA HB2001 | 2013 | Regular Session | Prefiled

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Bill Title: General Assembly; no committee shall report any bill that creates a new refundable state tax credit.

Sponsorship: Bipartisan Bill

Status: (Introduced - Dead) 2013-01-31 - Tabled in Rules by voice vote [HB2001 Detail]

Download: Virginia-2013-HB2001-Prefiled.html

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13103627D
HOUSE BILL NO. 2001 Offered January 9, 2013 Prefiled January 9, 2013 A BILL to amend and reenact §30-19.1:11 of the Code of Virginia, relating to refundable state tax credits. ---------- Patron-- Cline ---------- Referred to Committee on Rules ----------

Be it enacted by the General Assembly of Virginia:

1.  That § 30-19.1:11 of the Code of Virginia is amended and reenacted as follows:

§30-19.1:11. Legislation that creates or renews tax credits.

A. No bill proposing to add a new state tax credit or renew an existing state tax credit shall be reported from any committee of the General Assembly unless such bill contains an expiration date of not longer than five years from the effective date of the new or renewed state tax credit.

B. No bill proposing to add a new refundable state tax credit shall be reported from any committee of the General Assembly.