1999 Regular Session

HOUSE BILL 364

File Code: Miscellaneous
Sponsored By:
Delegates Hixson and Hurson
Entitled:
Tax Credits - New or Expanded Business Premises

Synopsis:

Providing enhanced property tax and State tax credits under a tax credit allowed for new or expanded business premises for business entities that satisfy specified requirements; authorizing affiliates of business entities to claim the credits; eliminating a prohibition against granting the credits to a business entity that has been certified for the Job Creation Tax Credit; repealing the December 31, 2002 termination date applicable to the tax credits; etc.

History by Legislative Date

House Action
2/8
First Reading Ways and Means
2/10
Hearing 3/2 at 11:00 a.m.
2/17
Hearing cancelled
Hearing 3/2 at 1:00 p.m.
3/2
Hearing cancelled
3/3
Hearing 3/16 at 1:00 p.m.
3/22
Withdrawn
Senate Action
No Action
Sponsored by:
Delegate Sheila Ellis Hixson, District 20
Delegate John Adams Hurson, District 18
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
FRANCHISES
GROSS RECEIPTS TAX
INCOME TAX
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
LEASES AND RENT -see also- EVICTION
PROPERTY TAX -see also- ASSESSMENTS
REVENUE AND TAXES -see also specific taxes-
SUNSET
TAX CREDITS -see also- CIRCUIT BREAKER
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
WORK, LABOR AND EMPLOYMENT -see also- LEAVE; O.T.; SALARIES.
Bill affects the following Statute:
Tax - Property
( 9-230 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered