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2002 SESSION
HB 1235 Tiered Incentive Program; Eco. Dev. Partnership to report on effect.
Introduced by: David A. Nutter | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Virginia Tiered Incentive Program. Establishes a program for providing corporate income tax credits for creation of jobs in economically distressed localities. The amount of the credit will be based on factors such as median household income and rates of unemployment. The Tax Commissioner shall promulgate regulations that are necessary or desirable to carry out the provisions of the act. This bill is a recommendation of the Rural Virginia Prosperity Commission.
FULL TEXT
- 01/17/02 House: Presented & ordered printed 023770869 pdf | impact statement
- 02/07/02 House: Committee substitute printed 023855869-H1 pdf | impact statement
HISTORY
- 01/17/02 House: Presented & ordered printed 023770869
- 01/17/02 House: Referred to Committee on Finance
- 02/06/02 House: Reported from Finance with sub (22-Y 0-N)
- 02/07/02 House: Committee substitute printed 023855869-H1
- 02/08/02 House: Read first time
- 02/09/02 House: Read second time
- 02/09/02 House: Committee substitute agreed to 023855869-H1
- 02/09/02 House: Engrossed by House - committee substitute 023855869-H1
- 02/11/02 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/11/02 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/11/02 House: Reconsideration of passage agreed to by House
- 02/11/02 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/11/02 House: VOTE: BLOCK VOTE PASSAGE #2 (100-Y 0-N)
- 02/11/02 House: Communicated to Senate
- 02/12/02 Senate: Constitutional reading dispensed
- 02/12/02 Senate: Referred to Committee on Finance
- 02/26/02 Senate: Continued to 2003 in Finance (14-Y 0-N)