HB1017 (CH0659)

2013 Regular Session



Income Tax Credit - Wineries and Vineyards

Sponsored by:

Delegate Barve


Approved by the Governor - Chapter 659

Synopsis:Allowing a credit against the State income tax for specified qualified expenditures at specified wineries and specified vineyards; requiring the Department of Business and Economic Development to administer the tax credit; providing for the maximum amount of tax credits that may be issued by the Department each year; requiring the Department and the Comptroller jointly to adopt specified regulations; applying the tax credit to all taxable years beginning after December 31, 2012; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Barve, Myers, Branch, Afzali, Harper, A. Miller, Serafini, Stukes, and A. Washington
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
Ways and Means  View Committee HearingBudget and Taxation  Listen to Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Agriculture, Department of
Agriculture -see also- Farmland
Alcoholic Beverages -see also- AB-By Subd; Subst Abuse; etc.
Business and Economic Development, Department of
Equipment -see also- Motor Vehicle Equipment
Income Tax
Rules and Regulations
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General
(10-733, 1-303)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 2, 2015 9:11 A.M.