HB1638

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Employee Ownership Trusts

Sponsored by:

Delegate Haynes

Status:

In the House - First Reading House Rules and Executive Nominations


Synopsis:Authorizing the creation of employee ownership trusts; providing for the exclusive purpose of an employee ownership trust; requiring the trustee of an employee ownership trust to carry out the express terms and purposes of the trust; providing, under specified circumstances, for the distribution of the principal or income of an employee ownership trust; authorizing specified tax benefits, procurement preferences, loan guarantees, and promotion activities to encourage the creation of employee ownership arrangements; etc.
Analysis:Not available at this time
All Sponsors:Delegate Haynes
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2017
Committee(s):
Rules and Executive Nominations
Broad Subject(s):Estates and Trusts
Taxes - Income
Taxes - Miscellaneous - Local
Narrow Subject(s):Assessments and Taxation, Department of
Associations -see also- Cooperative Associations
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Comptroller
Contracts -see also- Land Installment Contracts; Procurement
Corporations -see also- Municipal Corps; Public Corps & Inst
Fiduciaries
Financial Institutions -see also- Banks; Credit Unions; etc.
Higher Education -see also- Comm Colleges; Med Schools; etc.
Income Tax
Landscape Architects
Liability -see also- Good Samaritan
Limited Liability Companies
Loans -see also- Mortgages
Prices -see also- Consumer Price Index
Procurement
Public Works, Board of
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Salaries and Compensation -see also- Overtime; Reimb. Rates
Securities
State Aid
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Estates and Trusts
(14.5-1101 through 14.5-1105)
Article - State Finance and Procurement
(14-417)
Article - Tax - General
(10-207, 10-307)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 9:14 A.M.