HOUSE BILL 364

Sponsored By:

Delegates Hixson and Hurson

Entitled:

Tax Credits - New or Expanded Business Premises

Synopsis:

Providing enhanced property tax and State tax credits under a tax credit allowed for new or expanded business premises for business entities that satisfy specified requirements; authorizing affiliates of business entities to claim the credits; eliminating a prohibition against granting the credits to a business entity that has been certified for the Job Creation Tax Credit; repealing the December 31, 2002 termination date applicable to the tax credits; etc.

History by Legislative Date

House Action

2/8

First Reading Ways and Means

2/10

Hearing 3/2 at 11:00 a.m.

2/17

Hearing cancelled

Hearing 3/2 at 1:00 p.m.

3/2

Hearing cancelled

3/3

Hearing 3/16 at 1:00 p.m.

3/22

Withdrawn

Senate Action

No Action

Sponsored by:

Delegate Sheila Ellis Hixson, District 20

Delegate John Adams Hurson, District 18

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.

FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U

FRANCHISES

GROSS RECEIPTS TAX

INCOME TAX

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

LEASES AND RENT -see also- EVICTION

PROPERTY TAX -see also- ASSESSMENTS

REVENUE AND TAXES -see also specific taxes-

SUNSET

TAX CREDITS -see also- CIRCUIT BREAKER

UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER

WORK, LABOR AND EMPLOYMENT -see also- LEAVE; O.T.; SALARIES.

Bill affects the following Statute:

Tax - Property

( 9-230 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered