Legislation

Title: Small Business Relief Tax Credit – Alterations
Sponsored by: The President (By Request - Administration) and Senators Bailey, Carozza, Cassilly, Eckardt, Edwards, Gallion, Hershey, Hough, Jennings, Ready, Reilly, Salling, Simonaire, and West
Status: In the House - First Reading House Rules and Executive Nominations
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Altering the definition of "qualified employee" to include certain individuals who are provided certain paid parental leave for purposes of a credit against the State income tax for certain small businesses that provide certain employer benefits to certain qualified employees; altering the calculation of the credit; providing that the total amount of credit certificates issued by the Department of Commerce in any taxable year may not exceed $5,000,000; applying the Act to all taxable years beginning after December 31, 2018; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Rules and Executive Nominations

Details

Cross-filed with: HB0046

Bill File Type: Regular

Effective Date(s): July 1, 2019

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 1/11/2019 Legislative Date 1/11/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Small Business Relief Tax Credit - Expansion Proceedings
Chamber Senate Calendar Date 1/11/2019 Legislative Date 1/11/2019 Action Hearing 1/30 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2019 Legislative Date 3/18/2019 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/18/2019 Legislative Date 3/16/2019 Action Favorable with Amendments {189033/1 Adopted Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2019 Legislative Date 3/16/2019 Action Second Reading Passed with Amendments Proceedings 48 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Small Business Relief Tax Credit – Alterations Proceedings
Chamber Senate Calendar Date 3/19/2019 Legislative Date 3/17/2019 Action Third Reading Passed (46-0) Proceedings 49 Click to view Recorded Media
Chamber House Calendar Date 3/20/2019 Legislative Date 3/16/2019 Action Referred Rules and Executive Nominations Proceedings 51 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/11/2019	1/11/2019	First Reading Budget and Taxation
			Text - First - Small Business Relief Tax Credit - Expansion
Senate	1/11/2019	1/11/2019	Hearing 1/30 at 2:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/18/2019	3/18/2019	Favorable with Amendments Report by Budget and Taxation
Senate	3/18/2019	3/16/2019	Favorable with Amendments {189033/1 Adopted	48 Click to view Recorded Media
Senate	3/18/2019	3/16/2019	Second Reading Passed with Amendments	48 Click to view Recorded Media
			Text - Third - Small Business Relief Tax Credit – Alterations
Senate	3/19/2019	3/17/2019	Third Reading Passed (46-0)	49 Click to view Recorded Media
House	3/20/2019	3/16/2019	Referred Rules and Executive Nominations	51 Click to view Recorded Media

File Code

Subjects

Statutes