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