2006 Regular Session

HOUSE BILL 1616

File Code: Taxes - Income
Sponsored By:
Delegates Ramirez, Ross, Healey, Hixson, Bartlett, Boschert, Bozman, Cryor, C. Davis, Elmore, Gilleland, Goodwin, Gordon, Heller, Howard, Kaiser, King, Marriott, McKee, Myers, and Patterson
Entitled:
Income Tax Credit for Restaurants in Arts and Entertainment Districts

Synopsis:

Providing a credit against the State income tax for a taxpayer operating a restaurant in an arts and entertainment district under specified circumstances; providing a limited duration for the credit; providing for a reduction of the allowable amount of the credit over 5 years; providing for the carryover of specified unused credit under specified circumstances; defining terms; etc.

History by Legislative Date

House Action
2/24
First Reading House Rules and Executive Nominations
3/6
Re-referred Ways and Means
3/8
Hearing 3/22 at 1:00 p.m.
3/28
Favorable with Amendments Report by Ways and Means
3/26
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/27
Third Reading Passed (137-0)
Senate Action
3/29
First Reading Senate Rules
4/5
Re-referred Budget and Taxation
4/4
Hearing 4/6 at 1:00 p.m.

Sponsored by:

Delegate Victor R. Ramirez, District 47
Delegate Joseph R. Bartlett, District 4A
Delegate David G. Boschert, District 33A
Delegate K. Bennett Bozman, District 38B
Delegate Jean B. Cryor, District 15
Delegate Clarence Davis, District 45
Delegate D. Page Elmore, District 38A
Delegate Terry R. Gilleland, Jr., District 32
Delegate Marshall T. Goodwin, District 40
Delegate Michael R. Gordon, District 17
Delegate Anne Healey, District 22
Delegate Henry B. Heller, District 19
Delegate Sheila E. Hixson, District 20
Delegate Carolyn J. B. Howard, District 24
Delegate Anne R. Kaiser, District 14
Delegate Nancy J. King, District 39
Delegate Salima Siler Marriott, District 40
Delegate Robert A. McKee, District 2A
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Obie Patterson, District 26
Delegate Justin D. Ross, District 22

Bill indexed under the following Subjects:

ALCOHOLIC BEVERAGES LICENSES
ART, MUSIC AND CULTURAL AFFAIRS -see also- MUSEUMS; THEATERS
INCOME TAX
RESTAURANTS
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General
( 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments (Displayed in WordPerfect 8 Format):
House
Number: 485660/01 (PDF)     Offered on: March 28, 2006   at: 11:39 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
March 27, 2006: Third Reading Passed (137-0)