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Legislation


2006 Regular Session

HOUSE BILL 321

File Code: Taxes - Miscellaneous Crossfiled with: SENATE BILL 219
Sponsored By:
The Speaker (By Request - Administration) and Delegates Aumann, Bartlett, Bates, Boteler, Cardin, Cluster, Cryor, Donoghue, Eckardt, Edwards, Elliott, Elmore, Frank, Gilleland, Haddaway, Hogan, Impallaria, Jameson, Jennings, Kach, Kelly, Kirk, Kohl, Krebs, Mayer, McComas, McConkey, McDonough, McKee, Miller, Morhaim, Myers, O'Donnell, Parrott, Petzold, Quinter, Shank, Shewell, Smigiel, Stocksdale, Taylor, Trueschler, Weir, Weldon, and Zirkin
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 credits that may be claimed by specified persons; repealing a provision making the credit refundable under specified circumstances; imposing limits on the amount of credits the Secretary of Business and Economic Development may certify for investments in a single business; repealing provisions providing for the recapture of the credit under specified circumstances; etc.

History by Legislative Date

House Action
1/25
First Reading Ways and Means
2/22
Hearing 3/15 at 1:00 p.m.
2/27
Hearing cancelled
Senate Action
No Action

Sponsored by:

Speaker of the House of Delegates
Administration
Delegate Susan L. M. Aumann, District 42
Delegate Joseph R. Bartlett, District 4A
Delegate Gail H. Bates, District 9A
Delegate Joseph C. Boteler, III, District 8
Delegate Jon S. Cardin, District 11
Delegate John W. E. Cluster, Jr., District 8
Delegate Jean B. Cryor, District 15
Delegate John P. Donoghue, District 2C
Delegate Adelaide C. Eckardt, District 37B
Delegate George C. Edwards, District 1A
Delegate Donald B. Elliott, District 4B
Delegate D. Page Elmore, District 38A
Delegate William J. Frank, District 42
Delegate Terry R. Gilleland, Jr., District 32
Delegate Jeannie Haddaway, District 37B
Delegate Patrick N. Hogan, District 3A
Delegate Rick Impallaria, District 7
Delegate Sally Jameson, District 28
Delegate J. B. Jennings, District 7
Delegate Wade Kach, District 5B
Delegate Kevin Kelly, District 1B
Delegate Ruth M. Kirk, District 44
Delegate Sheryl Davis Kohl, District 34A
Delegate Susan W. Krebs, District 9B
Delegate Wm. Daniel Mayer, District 28
Delegate Susan K. McComas, District 35B
Delegate Tony McConkey, District 33A
Delegate Pat McDonough, District 7
Delegate Robert A. McKee, District 2A
Delegate Warren E. Miller, District 9A
Delegate Dan K. Morhaim, District 11
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Anthony J. O'Donnell, District 29C
Delegate Joanne S. Parrott, District 35A
Delegate Carol S. Petzold, District 19
Delegate Neil F. Quinter, District 13
Delegate Christopher B. Shank, District 2B
Delegate Tanya T. Shewell, District 5A
Delegate Michael D. Smigiel, Sr., District 36
Delegate Nancy R. Stocksdale, District 5A
Delegate Herman L. Taylor, Jr., District 14
Delegate John G. Trueschler, District 42
Delegate Michael H. Weir, Jr., District 6
Delegate Richard B. Weldon, Jr., District 3B
Delegate Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
INCOME TAX
INDUSTRY AND TECHNOLOGY
INVESTMENTS -see also- SECURITIES
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
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