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2007 SESSION

• | print version

HB 2388 License tax; exempt business providing electronic payment services for financial institutions.

Introduced by: Joe T. May | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Local license tax incentive and grants for certain businesses.  Permits any locality to exempt in whole or in part from local license taxes businesses that are primarily engaged in providing electronic payments processing services for financial institutions, that first have a definite place of business within a Multicounty Transportation Improvement District on or after July 1, 2008, and upon whose property a special improvements tax is being levied under § 15.2-4607.  The bill also authorizes any locality to provide the same businesses with grants or contractual payments or benefits when warranted by the economic or other benefit the locality will receive. The provisions of the bill expire on June 30, 2016.

FULL TEXT

• 01/09/07  House: Prefiled and ordered printed; offered 01/10/07 071945400  pdf | impact statement

HISTORY

• 01/09/07  House: Prefiled and ordered printed; offered 01/10/07 071945400
• 01/09/07  House: Referred to Committee on Finance
• 01/18/07  House: Assigned Finance sub: #1 (Orrock)
• 02/06/07  House: Left in Finance