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Legislation


1996 Regular Session

HOUSE BILL 262

CHAPTER NUMBER: 84 File Code: Taxes - Miscellaneous Crossfiled with: SENATE BILL 218
Sponsored By:
The Speaker (Administration) and Delegates Taylor, Hixson, Healey, Gordon, Bonsack, Rawlings, Kopp, Kach, Howard, Leopold, Bozman, Workman, Marriott, Heller, Beck, C. Davis, Holt, Greenip, McKee, Finifter, Busch, and Shriver
Entitled:
Job Creation Tax Credit Act of 1996

Synopsis:

Allowing certain credits against the State income tax, financial institution franchise tax, public service company franchise tax, and insurance premiums tax for certain business entities that establish or expand a business facility in the State; providing for the calculation of the credit; providing for certification by the Secretary of Business and Economic Development of businesses eligible for the credit; limiting the maximum credit allowed in any taxable year; etc.

Legislative History

House Action
1/23
First Reading Ways and Means
1/31
Hearing 2/6 at 11:00 a.m.
3/14
Favorable with Amendments Report by Ways and Means
3/15
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/18
Third Reading Passed (137-1)
3/28
House Refuses to Concur - Senate Amendments
House Requests Senate Recede
Conference Committee Appointed ...
Healey, Rosapepe, Rzepkowski
4/5
Conference Committee Report Adopted
Third Reading Passed (108-0)
Passed Enrolled
4/30
Signed by the Governor Chapter 84
Senate Action
3/18
First Reading Budget and Taxation
3/27
Favorable with Amendments Report by Budget and Taxation
3/28
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/30
Third Reading Passed with Amendments (47-0)
4/5
Senate Refuses to Recede
Conference Committee Appointed ...
Amoss, McFadden, Hogan
Conference Committee Report Adopted
Third Reading Passed (46-0)
Sponsored by:
Speaker of the House of Delegates
Administration
Delegate Raymond Beck, District 39
Delegate Rose Mary Hatem Bonsack, District 34
Delegate K. Bennett Bozman, District 38
Delegate Michael Erin Busch, District 30
Delegate Clarence Davis, District 45
Delegate Michael J. Finifter, District 11
Delegate Michael R. Gordon, District 17
Delegate Janet Greenip, District 33
Delegate Anne Healey, District 22A
Delegate Henry B. Heller, District 19
Delegate Sheila Ellis Hixson, District 20
Delegate Kenneth Holt, District 6
Delegate Carolyn J. B. Howard, District 24
Delegate A. Wade Kach, District 9A
Delegate Nancy K. Kopp, District 16
Delegate John L. Leopold, District 31
Delegate Salima Siler Marriott, District 40
Delegate Robert A. McKee, District 2A
Delegate Howard P. Rawlings, District 40
Delegate Mark K. Shriver, District 15
Delegate Casper R. Taylor, Jr., District 1C
Delegate Betty Workman, District 1B
Bill indexed under the following Subjects:
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- SMALL BUSINESS
DISABILITIES -see also- BLIND PERSONS, DEAF PERSONS
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO, CREDIT U
FRANCHISES
GOVERNOR
INCOME TAX
INSURANCE-GENERAL
INTERSTATE AFFAIRS
NOTICES
REPORTS -see also- RECORDS
REVENUE AND TAXES - GENERAL
SALARIES AND COMPENSATION
TAX CREDITS
UTILITIES -see also- HIGH VOLTAGE LINES, TELEPHONES
WORK, LABOR AND EMPLOYMENT -see also- LEAVE, OVERTIME
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-1101 , 5-1102 , 5-1102 , 5-1103 )
Insurance
( 6-114 )
Article - 48A Insurance Code
( 632 )
Tax - General
( 8-214 , 8-411 , 10-704.4 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)

Amendments:
House
Number: 125026/2 (PDF) Offered on: MARCH 15, 1996 at: 10:40 Status: Adopted
Senate
Number: 248192/1 (PDF) Offered on: MARCH 28, 1996 at: 11:04 Status: Adopted
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