2009 Regular Session

HOUSE BILL 31

File Code: Taxes - Income Prior Year Introduction As: HB 599/08 - W&M Crossfiled with: SENATE BILL 633
Sponsored By:
Delegate Taylor
Entitled:
Income Tax - Subtraction Modification - Creation of a Minority Business Enterprise

Synopsis:

Providing a subtraction modification under the State income tax for income from specified sales that result in the creation of specified minority business enterprises; providing for the recapture of the subtraction modification under specified circumstances; defining terms; applying the Act to taxable years beginning after December 31, 2008; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
10/7
Pre-filed
1/14
First Reading Ways and Means
1/21
Hearing 2/3 at 11:00 a.m.
Senate Action
No Action

Bill indexed under the following Subjects:

Commerce and Business -see also- Dealers; Elec. Comm.; etc
Exemptions
Income Tax
Mergers and Acquisitions
Minorities -see also- Women
Small Business

Bill affects the following Statutes:

Tax - General
( 10-205 , 10-205 , 10-207 , 10-207 , 10-306 , 10-306 , 10-307 , 10-307 )

Documents:

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