SB 883

  • Virginia Senate Bill
  • 2018 Regular Session
  • Introduced in Senate Jan 18, 2018
  • Senate
  • House
  • Governor

Income tax; modification for certain companies and subtraction for their employees, local grants.

Abstract

Establishes an income tax modification for companies that, from 2018 through 2028, either (i) invest at least $5 million in new capital investment in a qualified locality and create at least 10 jobs paying at least twice the minimum wage in a qualified locality or (ii) create at least 50 jobs paying at least twice the minimum wage in a qualified locality. A company is eligible to claim the modification only if it had no property or payroll in Virginia on the effective date of the act.

Bill Sponsors (24)

Votes


Actions


Mar 09, 2018

Virginia General Assembly

Amended by conference committee

Virginia General Assembly

Conference report agreed to by House (87-Y 10-N)

Virginia General Assembly

Conference substitute printed 18108202D-S2

Feb 28, 2018

Virginia General Assembly

Constitutional reading dispensed (95-Y 0-N)

Virginia General Assembly

Taken up out of order pursuant to House Rule 52 (96-Y 0-N)

Virginia General Assembly

Read third time

Virginia General Assembly

Committee substitute from Finance rejected 18107486D-H1

Virginia General Assembly

Committee substitute from Appropriations agreed to 18107761D-H2

Virginia General Assembly

Engrossed by House - committee substitute SB883H2

Virginia General Assembly

Passed House with substitute (87-Y 12-N)

Virginia General Assembly

House insisted on substitute

Virginia General Assembly

House requested conference committee

Virginia General Assembly

Conferees appointed by Senate

Virginia General Assembly

Conferees appointed by House

Feb 26, 2018

Virginia General Assembly

Referred to Committee on Appropriations

Feb 20, 2018

Virginia General Assembly

Assigned Finance sub: Subcommittee #2

Feb 15, 2018

Virginia General Assembly

Placed on Calendar

Virginia General Assembly

Read first time

Virginia General Assembly

Referred to Committee on Finance

Feb 12, 2018

Virginia General Assembly

Passed by temporarily

Virginia General Assembly

Requires unanimous consent for second reconsideration

Feb 09, 2018

Virginia General Assembly

Reading of substitute waived

Virginia General Assembly

Committee substitute agreed to 18106763D-S1

Virginia General Assembly

Engrossed by Senate - committee substitute SB883S1

Virginia General Assembly

Read second time

Jan 18, 2018

Virginia General Assembly

Presented and ordered printed 18104364D

Virginia General Assembly

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Senate: Presented and ordered printed 18104364D HTML
Senate: Committee substitute printed 18106763D-S1 HTML
House: Committee substitute printed 18107486D-H1 HTML
House: Committee substitute printed 18107761D-H2 HTML
Senate: Conference substitute printed 18108202D-S2 HTML

Related Documents

Document Format
No related documents.

Sources

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