2002 Regular Session

HOUSE BILL 783

File Code: Economic and Community Development Crossfiled with: SENATE BILL 536
Sponsored By:
Delegates Barve and Heller
Entitled:
Certified Capital Company Investment Tax Credit

Synopsis:

Allowing a credit against the insurance premium tax for investments by insurers in certified capital companies that make investments in qualified technology or bioscience businesses in the State; providing for the allocation of credits among certified capital companies; limiting to $100,000,000 the total certified capital for which premium tax credits may be allowed for all years; etc.

History by Legislative Date

House Action
2/7
First Reading Ways and Means
2/20
Hearing 3/13 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Kumar P. Barve, District 17
Delegate Henry B. Heller, District 19
Bill indexed under the following Subjects:
AUDITORS AND AUDITS
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
FEES -see also- DEVELOPMENT FEES AND TAXES
INDUSTRY AND TECHNOLOGY
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INVESTMENTS -see also- SECURITIES
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
PENALTIES
REPORTS
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-1701 , 5-1702 , 5-1703 , 5-1704 , 5-1705 , 5-1706 , 5-1707 , 5-1708 , 5-1709 , 5-1710 , 5-1711 , 5-1712 , 5-1713 , 5-1714 , 5-1715 , 5-1716 , 5-1717 , 5-1718 , 5-1719 , 5-1720 , 5-1721 , 5-1722 , 5-1723 )
Insurance
( 6-121 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered