Legislation

Title: Economic Development - Job Creation Tax Credit - Alteration
Sponsored by: Delegate Walker (By Request - Tax Credit Evaluation Committee)
Status: In the Senate - Rereferred to Budget and Taxation
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Altering the definitions of "qualified position" and "State priority funding area" for purposes of the job creation tax credit program; requiring the Department of Commerce to certify the amount of the tax credit for which a qualified business entity is eligible; altering the calculation of the credits earned under the program; prohibiting the Department from certifying tax credits in a taxable year in excess of $4,000,000; applying the Act to job creation tax credits certified after December 31, 2017; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Details

Cross-filed with: SB0873

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber House Calendar Date 2/08/2017 Legislative Date 2/08/2017 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Economic Development - Job Creation Tax Credit - Alteration Proceedings
Chamber House Calendar Date 2/14/2017 Legislative Date 2/14/2017 Action Hearing 3/01 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/06/2017 Legislative Date 4/06/2017 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/06/2017 Legislative Date 3/30/2017 Action Favorable with Amendments {105869/1 Adopted Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/06/2017 Legislative Date 3/30/2017 Action Second Reading Passed with Amendments Proceedings 64 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Economic Development - Job Creation Tax Credit - Alteration Proceedings
Chamber House Calendar Date 4/07/2017 Legislative Date 3/31/2017 Action Third Reading Passed (137-1) Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/02/2017 Action Referred Rules Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/10/2017 Action Rereferred to Budget and Taxation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/08/2017	2/08/2017	First Reading Ways and Means
			Text - First - Economic Development - Job Creation Tax Credit - Alteration
House	2/14/2017	2/14/2017	Hearing 3/01 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/06/2017	4/06/2017	Favorable with Amendments Report by Ways and Means
House	4/06/2017	3/30/2017	Favorable with Amendments {105869/1 Adopted	64 Click to view Recorded Media
House	4/06/2017	3/30/2017	Second Reading Passed with Amendments	64 Click to view Recorded Media
			Text - Third - Economic Development - Job Creation Tax Credit - Alteration
House	4/07/2017	3/31/2017	Third Reading Passed (137-1)	65 Click to view Recorded Media
Senate	4/10/2017	4/02/2017	Referred Rules	62 Click to view Recorded Media
Senate	4/10/2017	4/10/2017	Rereferred to Budget and Taxation

File Code

Subjects

Statutes