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2010 SESSION
SB 252 Manufacturing facility; expands definition to include those used in creation of intangible property.
Introduced by: W. Roscoe Reynolds | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Manufacturing facility. Expands the current definition, for bonding purposes, of manufacturing facility to include (i) any facility which is used in the creation or production of intangible property as described in § 197(d)(1)(C)(iii) of the Internal Revenue Code of 1986, as amended, to be any patent, copyright, formula, process, design, pattern, knowhow, format, or other similar item, or (ii) a facility which is functionally related and subordinate to a manufacturing facility if such facility is located on the same site as the manufacturing facility. This definition is being expanded so that Virginia Code is consistent with the Federal American Recovery and Reinvestment Act of 2009, Section 1301.
FULL TEXT
- 01/12/10 Senate: Prefiled and ordered printed; offered 01/13/10 10102880D pdf | impact statement
- 01/29/10 Senate: Printed as engrossed 10102880D-E pdf | impact statement
- 03/01/10 Senate: Bill text as passed Senate and House (SB252ER) pdf | impact statement
- 03/11/10 Governor: Acts of Assembly Chapter text (CHAP0122) pdf
AMENDMENTS
HISTORY
- 01/12/10 Senate: Prefiled and ordered printed; offered 01/13/10 10102880D
- 01/12/10 Senate: Referred to Committee on Local Government
- 01/26/10 Senate: Reported from Local Government with amendment (15-Y 0-N)
- 01/28/10 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/29/10 Senate: Read second time
- 01/29/10 Senate: Reading of amendment waived
- 01/29/10 Senate: Committee amendment agreed to
- 01/29/10 Senate: Engrossed by Senate as amended SB252E
- 01/29/10 Senate: Printed as engrossed 10102880D-E
- 02/01/10 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/08/10 House: Placed on Calendar
- 02/08/10 House: Read first time
- 02/08/10 House: Referred to Committee on Counties, Cities and Towns
- 02/19/10 House: Reported from Counties, Cities and Towns (21-Y 0-N)
- 02/22/10 House: Read second time
- 02/23/10 House: Read third time
- 02/23/10 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/23/10 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 03/01/10 Senate: Enrolled
- 03/01/10 Senate: Bill text as passed Senate and House (SB252ER)
- 03/01/10 House: Signed by Speaker
- 03/02/10 Senate: Signed by President
- 03/11/10 Governor: Acts of Assembly Chapter text (CHAP0122)
- 03/13/10 Governor: Approved by Governor-Chapter 122 (effective 7/1/10)