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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
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Developed and maintained by the Division of Legislative Automated Systems.
2015 SESSION
SB 1401 Tourism project of regional significance; entitlement to tax revenues.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Entitlement to tax revenues; tourism project of regional significance. Entitles a tourism project of regional significance to the revenues generated by a 1.5 percent state sales and use tax on transactions taking place on its premises, to be used for debt service on gap financing for the project. To qualify for the revenues, the project must meet a deficiency identified in a local tourism plan approved by the Virginia Tourism Authority. The private developer and the locality in which the project is located must each contribute funds equal to the 1.5 percent sales and use tax contribution, which are also to be used for the gap financing payment. Current law allows certain tourism projects to qualify for revenues generated by a one percent state sales and use tax. The bill provides that a project would be eligible for the increased revenues if it involves a new private, capital investment of at least $100 million and supports increased hotel occupancy, job creation, and out-of-state visitors. This bill incorporates SB 975.
FULL TEXT
- 01/22/15 Senate: Presented and ordered printed 15103862D pdf | impact statement
- 02/04/15 Senate: Committee substitute printed 15104332D-S1 pdf | impact statement
- 02/10/15 Senate: Printed as engrossed 15104332D-ES1 pdf
- 02/23/15 Senate: Conference substitute printed 15105391D-S2 pdf
- 02/25/15 Senate: Bill text as passed Senate and House (SB1401ER) pdf | impact statement
- 03/19/15 Governor: Acts of Assembly Chapter text (CHAP0349) pdf
AMENDMENTS
HISTORY
- 01/22/15 Senate: Presented and ordered printed 15103862D
- 01/22/15 Senate: Referred to Committee on Finance
- 02/04/15 Senate: Reported from Finance with substitute (14-Y 0-N)
- 02/04/15 Senate: Committee substitute printed 15104332D-S1
- 02/04/15 Senate: Incorporates SB975
- 02/05/15 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/06/15 Senate: Passed by for the day
- 02/09/15 Senate: Passed by for the day
- 02/10/15 Senate: Read second time
- 02/10/15 Senate: Reading of substitute waived
- 02/10/15 Senate: Committee substitute agreed to 15104332D-S1
- 02/10/15 Senate: Reading of amendments waived
- 02/10/15 Senate: Amendments by Senator Norment agreed to
- 02/10/15 Senate: Engrossed by Senate - committee substitute with amendments SB1401ES1
- 02/10/15 Senate: Printed as engrossed 15104332D-ES1
- 02/10/15 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/10/15 Senate: Passed Senate (33-Y 5-N)
- 02/12/15 House: Placed on Calendar
- 02/12/15 House: Read first time
- 02/12/15 House: Referred to Committee on Finance
- 02/16/15 House: Reported from Finance (19-Y 1-N)
- 02/17/15 House: Read second time
- 02/18/15 House: Read third time
- 02/18/15 House: Passed by temporarily
- 02/18/15 House: Amendment by Delegate Knight agreed to
- 02/18/15 House: Amendment by Delegate Farrell agreed to
- 02/18/15 House: Engrossed by House as amended
- 02/18/15 House: Passed House with amendments (75-Y 18-N)
- 02/18/15 House: VOTE: PASSAGE (75-Y 18-N)
- 02/18/15 Senate: House amendments rejected by Senate (0-Y 36-N)
- 02/18/15 House: House insisted on amendments
- 02/18/15 House: House requested conference committee
- 02/18/15 Senate: Senate acceded to request (37-Y 0-N)
- 02/18/15 Senate: Conferees appointed by Senate
- 02/18/15 Senate: Senators: Norment, Wagner, Alexander
- 02/18/15 House: Conferees appointed by House
- 02/18/15 House: Delegates: Hugo, Farrell, Watts
- 02/23/15 Conference: Amended by conference committee
- 02/23/15 Senate: Conference substitute printed 15105391D-S2
- 02/23/15 Senate: Conference report agreed to by Senate (39-Y 1-N)
- 02/23/15 House: Conference report agreed to by House (79-Y 17-N)
- 02/23/15 House: VOTE: ADOPTION (79-Y 17-N)
- 02/25/15 Senate: Enrolled
- 02/25/15 Senate: Bill text as passed Senate and House (SB1401ER)
- 02/25/15 House: Signed by Speaker
- 02/26/15 Senate: Signed by President
- 02/26/15 Senate: Enrolled Bill Communicated to Governor on 2/26/15
- 02/26/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/19/15 Governor: Approved by Governor-Chapter 349 (effective 7/1/15)
- 03/19/15 Governor: Acts of Assembly Chapter text (CHAP0349)