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2004 SESSION

• | print version

HB 615 Income tax, corporate; reduces new emp. threshold to rec. major business facility job tax credit.

Introduced by: Charles W. Carrico, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Income tax; major business facility job tax credit. Lowers the threshold amount of jobs from 100 to 25 that must be created in order to take the major business facility job tax credit in severely economically distressed areas that have an unemployment rate of at least twice the average statewide unemployment rate and applies only to taxable years 2004 and 2005. The total amount of credit permitted annually in such areas is limited to $100,000 in the aggregate.

FULL TEXT

• 01/14/04  House: Presented & ordered printed, prefiled 01/13/04 047798264  pdf | impact statement
• 02/02/04  House: Committee substitute printed 041828264-H1  pdf | impact statement
• 03/15/04  House: Bill text as passed House and Senate (HB615ER)  pdf | impact statement
• 04/20/04  Governor: Acts of Assembly Chapter text (CHAP0619)  pdf

AMENDMENTS

• Senate amendments
• Senate amendments engrossed

HISTORY

• 01/14/04  House: Presented & ordered printed, prefiled 01/13/04 047798264
• 01/14/04  House: Referred to Committee on Finance
• 01/15/04  House: Assigned to Finance sub-committee: 2
• 02/02/04  House: Reported from Finance with sub (22-Y 0-N)
• 02/02/04  House: Committee substitute printed 041828264-H1
• 02/03/04  House: Read first time
• 02/04/04  House: Read second time
• 02/04/04  House: Committee substitute agreed to 041828264-H1
• 02/04/04  House: Engrossed by House - committee substitute HB615H1
• 02/05/04  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 02/05/04  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/05/04  House: Communicated to Senate
• 02/06/04  Senate: Constitutional reading dispensed
• 02/06/04  Senate: Referred to Committee on Finance
• 03/02/04  Senate: Reported from Finance with amendments (14-Y 1-N)
• 03/03/04  Senate: Constitutional reading dispensed (40-Y 0-N)
• 03/03/04  Senate: VOTE: CONST. RDG. DISPENSED (40-Y 0-N)
• 03/03/04  Senate: Read third time
• 03/03/04  Senate: Reading of amendments waived
• 03/03/04  Senate: Committee amendments agreed to
• 03/03/04  Senate: Engrossed by Senate as amended
• 03/03/04  Senate: Passed Senate with amendments (39-Y 1-N)
• 03/03/04  Senate: VOTE: PASSAGE (39-Y 1-N)
• 03/03/04  House: Rules suspended
• 03/03/04  House: Senate amendments agreed to by House (98-Y 0-N)
• 03/03/04  House: VOTE: ADOPTION (98-Y 0-N)
• 03/15/04  House: Bill text as passed House and Senate (HB615ER)
• 03/15/04  House: Enrolled
• 03/16/04  House: Signed by Speaker
• 03/16/04  Senate: Signed by President
• 04/12/04  Governor: Approved by Governor-Chapter 619 (effective 7/1/04)
• 04/20/04  Governor: Acts of Assembly Chapter text (CHAP0619)