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2011 SESSION

• | print version

HB 1384 License tax credit; credit against state license tax liability on certain insurance companies.

Introduced by: Donald W. Merricks | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

State insurance license tax credit. Provides a tax credit against the state license tax liability on certain insurance companies for investments in Virginia small business investment companies. The tax credit will be administered by the Tax Commissioner. The tax credit is capped at $20 million per year and may not exceed $100 million for the life of the program.

FULL TEXT

• 02/01/10  House: Presented and ordered printed 10104815D  pdf | impact statement
• 02/10/10  House: Committee substitute printed 10105225D-H1  pdf

HISTORY

• 02/01/10  House: Introduced at the request of Governor
• 02/01/10  House: Presented and ordered printed 10104815D
• 02/01/10  House: Referred to Committee on Finance
• 02/04/10  House: Assigned Finance sub: #3
• 02/09/10  House: Subcommittee recommends reporting (4-Y 0-N)
• 02/10/10  House: Committee substitute printed 10105225D-H1
• 02/10/10  House: Reported from Finance with substitute (17-Y 5-N)
• 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: Continued to 2011 in Appropriations by voice vote
• 12/02/10  House: Left in Appropriations