2006 Regular Session

HOUSE BILL 1558

File Code: Taxes - Miscellaneous
Sponsored By:
The Speaker (By Request - Administration) and Delegate Feldman
Entitled:
Business and Economic Development - Biotechnology Investment Incentive Act

Synopsis:

Imposing eligibility restrictions for the State income tax credit allowed for investments in qualified biotechnology companies; altering limits on the amount of the credit that may be claimed by specified persons; repealing a provision making the credit refundable under specified circumstances; imposing limits on the amount of the credit the Secretary of Business and Economic Development may certify for investments in a single business; altering provisions providing for the recapture of the credit under specified circumstances; etc.

History by Legislative Date

House Action
2/20
First Reading House Rules and Executive Nominations
2/27
Re-referred Ways and Means
3/1
Hearing 3/15 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Speaker of the House of Delegates
Administration
Delegate Brian J. Feldman, District 15

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
INCOME TAX
INDUSTRY AND TECHNOLOGY
INVESTMENTS -see also- SECURITIES
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General
( 10-725 , 10-725 , 10-725 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered