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2008 SESSION

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SB 286 Income tax, state; exemption for launch services and payload to space flight participants.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Income tax exemption for launch services and payload.  Grants an income tax exemption for income resulting from the sale of launch services to space flight participants or launch services intended to provide individuals the training or experience of a launch, without performing an actual launch. The bill also grants an income tax exemption for any gain recognized as a result of resupply services contracts for delivering payload entered into with the Commercial Orbital Transportation Services division of the National Aeronautics and Space Administration or other space flight entity.  This bill incorporates SB 401 and is identical to HB 238.

FULL TEXT

• 01/08/08  Senate: Prefiled and ordered printed; offered 01/09/08 082828344  pdf | impact statement
• 01/30/08  Senate: Committee substitute printed 086003344-S1  pdf | impact statement
• 02/21/08  Senate: Bill text as passed Senate and House (SB286ER)  pdf | impact statement
• 03/05/08  Governor: Acts of Assembly Chapter text (CHAP0149)  pdf

HISTORY

• 01/08/08  Senate: Prefiled and ordered printed; offered 01/09/08 082828344
• 01/08/08  Senate: Referred to Committee on Finance
• 01/30/08  Senate: Committee substitute printed 086003344-S1
• 01/30/08  Senate: Reported from Finance with substitute (16-Y 0-N)
• 01/31/08  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/01/08  Senate: Read second time
• 02/01/08  Senate: Reading of substitute waived
• 02/01/08  Senate: Committee substitute agreed to 086003344-S1
• 02/01/08  Senate: Engrossed by Senate - committee substitute SB286S1
• 02/04/08  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/04/08  Senate: Communicated to House
• 02/11/08  House: Placed on Calendar
• 02/11/08  House: Read first time
• 02/11/08  House: Referred to Committee on Finance
• 02/12/08  House: Assigned Finance sub: 2
• 02/18/08  House: Reported from Finance (21-Y 0-N)
• 02/19/08  House: Read second time
• 02/20/08  House: Read third time
• 02/20/08  House: Passed House BLOCK VOTE (97-Y 0-N)
• 02/20/08  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
• 02/21/08  Senate: Enrolled
• 02/21/08  Senate: Bill text as passed Senate and House (SB286ER)
• 02/21/08  House: Signed by Speaker
• 02/25/08  Senate: Signed by President
• 03/02/08  Governor: Approved by Governor-Chapter 149 (effective 7/1/08)
• 03/05/08  Governor: Acts of Assembly Chapter text (CHAP0149)