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2010 SESSION
HB 624 Major business facility job tax credit; business that creates at least 50 qualified full-time jobs.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Major business facility job tax credit. Amends the Major Business Facility Job Tax Credit. Current law provides a $1,000 tax credit for major business facilities that create at least 100 qualified full-time jobs. The legislation reduces the number of qualified full-time jobs required to be created to 50. In enterprise zones or economically distressed areas, the base or threshold is lowered from 50 newly created jobs to 25. The changes also allow the credit to be taken over a two-year period for taxable years beginning January 1, 2009, through December 31, 2012, rather than December 31, 2010.
FULL TEXT
- 01/12/10 House: Prefiled and ordered printed; offered 01/13/10 10102349D pdf | impact statement
- 02/10/10 House: Committee substitute printed 10105223D-H1 pdf | impact statement
- 03/13/10 House: Bill text as passed House and Senate (HB624ER) pdf | impact statement
- 04/10/10 Governor: Acts of Assembly Chapter text (CHAP0363) pdf
AMENDMENTS
HISTORY
- 01/12/10 House: Prefiled and ordered printed; offered 01/13/10 10102349D
- 01/12/10 House: Referred to Committee on Finance
- 01/25/10 House: Assigned Finance sub: #3
- 02/09/10 House: Subcommittee recommends reporting with amendment(s) (4-Y 0-N)
- 02/10/10 House: Reported from Finance with substitute (20-Y 1-N)
- 02/10/10 House: Committee substitute printed 10105223D-H1
- 02/10/10 House: Referred to Committee on Appropriations
- 02/11/10 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources
- 02/16/10 House: Reported from Appropriations (22-Y 0-N)
- 02/18/10 House: Read first time
- 02/19/10 House: Read second time
- 02/19/10 House: Constitutional reading dispensed (95-Y 0-N)
- 02/19/10 House: VOTE: --- AGREE TO (95-Y 0-N)
- 02/19/10 House: Committee substitute agreed to 10105223D-H1
- 02/19/10 House: Engrossed by House - committee substitute HB624H1
- 02/19/10 House: Passed House (95-Y 0-N)
- 02/19/10 House: VOTE: --- PASSAGE (95-Y 0-N)
- 02/22/10 Senate: Constitutional reading dispensed
- 02/22/10 Senate: Referred to Committee on Finance
- 03/02/10 Senate: Reported from Finance with amendments (14-Y 0-N)
- 03/03/10 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/03/10 Senate: Read third time
- 03/03/10 Senate: Reading of amendments waived
- 03/03/10 Senate: Committee amendments agreed to
- 03/03/10 Senate: Engrossed by Senate as amended
- 03/03/10 Senate: Passed Senate with amendments (39-Y 0-N)
- 03/03/10 Senate: Reconsideration of Senate passage agreed to by Senate (40-Y 0-N)
- 03/03/10 Senate: Passed Senate with amendments (40-Y 0-N)
- 03/03/10 House: Senate amendments rejected by House (0-Y 96-N)
- 03/03/10 House: VOTE: --- REJECTED (0-Y 96-N)
- 03/03/10 Senate: Senate insisted on amendments (39-Y 0-N)
- 03/03/10 Senate: Senate requested conference committee
- 03/03/10 House: House acceded to request
- 03/03/10 House: Conferees appointed by House
- 03/03/10 House: Delegates: Kilgore, Landes, Phillips
- 03/03/10 Senate: Conferees appointed by Senate
- 03/03/10 Senate: Senators: Watkins, Marsh, Miller, Y.B.
- 03/08/10 Senate: Conference report agreed to by Senate (39-Y 0-N)
- 03/08/10 Senate: Reconsideration of conference report agreed to by Senate (40-Y 0-N)
- 03/08/10 Senate: Conference report agreed to by Senate (40-Y 0-N)
- 03/08/10 House: Conference report agreed to by House (96-Y 0-N)
- 03/08/10 House: VOTE: --- ADOPTION (96-Y 0-N)
- 03/13/10 House: Enrolled
- 03/13/10 House: Bill text as passed House and Senate (HB624ER)
- 03/13/10 House: Signed by Speaker
- 03/15/10 Senate: Signed by President
- 04/10/10 Governor: Approved by Governor-Chapter 363 (effective 7/1/10)
- 04/10/10 Governor: Acts of Assembly Chapter text (CHAP0363)