2012 SESSION

Convened January 11, 2012
Adjourned sine die March 10, 2012
Reconvened April 18, 2012
Adjourned sine die April 18, 2012

TRADE AND COMMERCE

(P) Passed (F) Failed (V) Vetoed (I) Incoporated into other legislation

(C) Carried over

Broadband Advisory Council; permits Secretaries of Commerce and Trade and Technology to appoint designees to serve. Amending § 2.2-2699.3. (Patron-Robinson, HB 994 (Chapter 528))

Business entities; clarifies that name of entity cannot imply that it is another type of business. Amending §§ 13.1-630, 13.1-762, 13.1-829, 13.1-924, 13.1-1012, 13.1-1054, 13.1-1214, 13.1-1244, 50-73.2, 50-73.24, and 50-73.78. (Patron-Johnson, HB 845 (Chapter 63))

Camping grounds; competition with private businesses. Adding § 10.1-200.4. (Patron-Reeves, SB 571 (F))

Cigarette tax; prohibits locality from restricting owner of business from transferring stamped cigarettes from one business location to another. Amending § 58.1-3832. (Patron-Hugo, HB 1079 (C))

Construction projects using public funds; iron, steel, and manufactured goods must be produced in United States. (Patron-McEachin, SB 377 (C))

Corporations and other business entities; conversion and termination. Amending §§ 13.1-604.1, 13.1-616, 13.1-722.2, 13.1-722.4, 13.1-722.11, 13.1-767, 13.1-816, 13.1-888, 13.1-898.2, 13.1-898.4, 13.1-929, 13.1-1005, 13.1-1056, 13.1-1075, 13.1-1077, 13.1-1204, 13.1-1246, 13.1-1266, 13.1-1268, 50-73.17, and 50-73.58. (Patron-Purkey, HB 519 (Chapter 130))

Criminal history information; prohibits sale of information concerning person’s conviction of criminal offense when arrest and charge history for that offense has been expunged. Amending § 59.1-200. (Patron-Surovell, HB 679 (C))

Debt collection practices; penalty. Amending §§ 6.2-1816, 6.2-2215, and 59.1-200; adding §§ 59.1-550 through 59.1-560. (Patron-Brink, HB 443 (F))

Enterprise zones; criteria for designation. Amending §§ 59.1-540, 59.1-542, and 59.1-545. (Patron-Cosgrove, HB 169 (F))

False advertising; exempts real estate brokers and salespersons from criminal and civil liability. Amending §§ 18.2-216 and 59.1-68.3. (Patron-Yancey, HB 724 (C))

Federal Government Contractor Grant Fund and Program; created and established for minority-owned, veteran-owned, women-owned, or qualifying small businesses. Adding §§ 2.2-904.3 and 2.2-904.4. (Patron-Petersen, SB 620 (F))

Group health insurance; small employer is one who employs between two and 50 employees who are covered. Amending §§ 38.2-3431 and 38.2-3551. (Patron-Wagner, SB 522 (F))

Incandescent light bulbs; creates procedure by which manufacturer may obtain a license from State Corporation Commission. Adding §§ 59.1-550 through 59.1-565. (Patron-Marshall, R.G., HB 66 (F))

Income tax, corporate; corporations not allowed to claim tax credit to reduce tax below $250. Amending § 58.1-400. (Patron-Englin, HB 1030 (F))

Income tax, corporate; credit for contracting with small or minority-owned, veteran-owned, or women-owned businesses. Adding § 58.1-439.12:11. (Patron-Habeeb, HB 228 (C))

Income tax, corporate; Department of Taxation shall assess manufacturing companies with additional taxes based on annual number and average wage of full-time employees. Amending § 58.1-422. (Patron-Byron, HB 460 (Chapter 427))

Income tax, corporate; lower tax rate for certain businesses. Amending § 58.1-400. (Patron-Ransone, HB 149 (C); Stanley, SB 61 (C))

Income tax, state and corporate; deduction for investors in small businesses. Amending §§ 58.1-322 and 58.1-402. (Patron-Villanueva, HB 335 (F))

Income tax, state and corporate; extends subtraction for capital gains from investments in qualified businesses. Amending §§ 58.1-322 and 58.1-402. (Patron-Comstock, HB 1013 (Chapter 96); Herring, SB 226 (Chapter 256))

Income tax, state and corporate; tax credit for hiring veterans. Adding § 58.1-439.12:11. (Patron-Keam, HB 1041 (C))

License tax business classifications and tax rates, local; Department of Taxation to study. (Patron-Landes, HJR 4 (F))

Machinery and equipment recyclable materials; beginning January 1, 2012, those used in a manufacturing facility or plant unit that produces methane gas for sale through anaerobic digestion would be eligible for tax credit. Amending § 58.1-439.7. (Patron-Loupassi, HB 105 (F))

Machinery and tools, local; Department of Taxation to study impact of state income tax credit for taxes paid by manufacturers. (Patron-Wagner, SJR 86 (F))

Machinery and tools tax; classifies car washing businesses as separate class of property. Adding § 58.1-3508.5. (Patron-Scott, E.T., HB 298 (Chapter 267))

Major business facility job tax credit; extends time during which credit may be taken over a two-year period to December 31, 2014. Amending § 58.1-439. (Patron-Kilgore, HB 714 (Chapter 93); Reeves, SB 368 (Chapter 475))

Major business facility job tax credits and enterprise zone job creation grants; not allowed for same job created. Amending §§ 58.1-439 and 59.1-547. (Patron-James, HB 841 (Chapter 445))

Manufacturing sector; Joint Legislative Audit and Review Commission to study measures to eliminate disparity in share of state tax burden borne by State. (Patron-Wagner, SJR 87 (F))

Microenterprise Investment Grant Fund and Program; created. Adding §§ 2.2-904.3 and 2.2-904.4. (Patron-Ebbin, SB 262 (F))

Microenterprise investment tax credits; created for individuals who make qualified investment. Adding § 58.1-339.13. (Patron-Lopez, HB 783 (F))

Minority Business Enterprise, Department of; authorizes electronic certification process. Amending § 2.2-1403. (Patron-Ransone, HB 996 (Chapter 529))

Minority Business Enterprise, Department of; certification of employment services organizations. Amending §§ 2.2-1401 and 2.2-1403. (Patron-Hanger, SB 523 (Chapter 583))

Minority Business Enterprises, Department of; changes definition of small business. Amending §§ 2.2-1401 and 2.2-4310. (Patron-Keam, HB 1044 (C); Ebbin, SB 258 (C))

Minority Business Enterprises, Department of; changes definition of small business to be business located in Virginia, etc. Amending §§ 2.2-1401 and 2.2-4310. (Patron-Lopez, HB 781 (C))

Problem Gambling Treatment Fund; established. Amending §§ 18.2-340.18, 58.1-4022, and 59.1-370.1; adding §§ 37.2-312.2 and 37.2-312.3. (Patron-Greason, HB 1109 (F))

Reduced cigarette ignition propensity; eliminates an exemption that allows retailers to sell from their inventory cigarettes stamped prior to January 1, 2010. Amending § 59.1-293.2. (Patron-O’Bannon, HB 1088 (Chapter 66); Blevins, SB 307 (Chapter 195))

Retail Sales and Use Tax; clarifies amount of revenue authorized tourism project is entitled. Amending § 58.1-3851.1. (Patron-Watson, HB 581 (Chapter 73); Norment, SB 414 (Chapter 572))

Satellite office expenses tax credit; creates a $250,000 tax credit for certain businesses. Adding § 58.1-439.12:11. (Patron-Stuart, SB 178 (C))

Secondhand articles; includes certain telecommunications cable. Amending § 59.1-136.1. (Patron-Lingamfelter, HB 927 (Chapter 449))

Service handguns; certain law-enforcement officers to purchase. Amending § 59.1-148.3. (Patron-Lingamfelter, HB 943 (Chapter 218))

Small Business Investment Grant Fund; created. Adding § 2.2-904.3. (Patron-Merricks, HB 585 (Chapter 657); McDougle, SB 344 (Chapter 669))

Small business job creation tax credit; creates an individual and corporate income tax credit beginning January 1, 2012, for small business creating new full-time jobs in State. Adding § 58.1-439.12:11. (Patron-Bell, Richard P., HB 111 (C))

Small Business Jobs Grant Fund Program; developed to assist small businesses job creation. Adding § 2.2-904.01; repealing § 2.2-904.2. (Patron-Landes, HB 767 (Chapter 774))

Small businesses; tax credit for those hiring graduates of Virginia’s colleges. Adding § 58.1-439.12:11. (Patron-Herring, HB 191 (C))

Small, women-owned, and minority-owned businesses; enhancement or remedial measures. Amending §§ 2.2-1402, 2.2-1403, 2.2-4310, and 15.2-965.1; adding § 2.2-1403.1. (Patron-Obenshain, SB 250 (F))

Tax credits; for direct costs of a business attributable to its location in State to comply with excessive state regulations. Adding § 58.1-439.12:11. (Patron-Purkey, HB 514 (C))

VDOT Integrated Directional Sign Program; Commissioner of Highways to evaluate whether businesses should continue maintenance, replacement, etc., of signs and fiscal impact of potential changes in current program criteria. (Patron-Marshall, D.W., HB 1263 (Chapter 799))

Virginia Consumer Protection Act; local towing ordinances. Amending § 59.1-200. (Patron-Surovell, HB 678 (F))

Virginia Intrastate Commerce Act; created. Adding §§ 59.1-550, 59.1-551, and 59.1-552. (Patron-Minchew, HB 912 (F))

Virginia Investment Partnership Act; decreases from five to three years legal presence requirement to be considered an existing State manufacturer. Amending § 2.2-5100. (Patron-Cline, HB 243 (Chapter 407); Newman, SB 338 (Chapter 196))

Virginia Jobs Investment Program; created, Department of Business Assistance to administer any programs established. Amending §§ 2.2-900, 2.2-902, 2.2-904, and 2.2-904.1; adding §§ 2.2-903.1, 2.2-903.2, 2.2-904.01, and 2.2-904.02; repealing § 2.2-904.2. (Patron-Landes, HB 768 (Chapter 775))

Virginia Petroleum Products Franchise Act; revises divorcement requirement to provide that refiner may operate retail outlet. Amending §§ 59.1-21.10 and 59.1-21.16:2. (Patron-Saslaw, SB 533 (Chapter 351))

Virginia Private Recreational Club Act; created. Amending § 59.1-200; adding §§ 59.1-550 through 59.1-557. (Patron-Farrell, HB 1276 (F))

Virginia Public Procurement Act; bid match preference for State businesses. Amending § 2.2-4324. (Patron-Watkins, SB 79 (F))

Virginia Public Procurement Act; preference for local businesses. Amending § 2.2-4328. (Patron-Sherwood, HB 1145 (F); Vogel, SB 572 (F))

Virginia Public Procurement Act; provides bid match preference for State businesses in procurements up to $100,000. Amending § 2.2-4324. (Patron-Villanueva, HB 334 (C))

Virginia Public Procurement Act; provides for contracts not expected to exceed $5 million, bid match preference for State businesses. Amending § 2.2-4324. (Patron-Comstock, HB 1015 (F))

Virginia Public Procurement Act; women-owned and minority-owned businesses, enhancement or remedial measures. Amending § 2.2-4310. (Patron-McEachin, SB 651 (C))

Virginia Racing Commission; authorizes wagering on historical horse racing and allocation of proceeds. Amending §§ 59.1-365, 59.1-369, and 59.1-392. (Patron-Norment, SB 268 (C))

Virginia Telephone Privacy Protection Act; telephone call includes any text message sent. Amending § 59.1-510. (Patron-Stolle, HB 643 (C))