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2016 SESSION
HB 298 Coal tax; limits aggregate amount of credits that may be allocated or claimed for employment, etc.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Coal tax credits. Limits the aggregate amount of credits that may be allocated or claimed for the coal employment and production incentive tax credit to $7.3 million in each fiscal year. An electricity generator must file an application with the Department of Taxation each year to determine the amount of credits that it may claim or allocate, including credits earned in prior taxable years. If the total amount of approved applications for tax credits for the fiscal year exceeds $7.3 million, the Department of Taxation shall apportion the credits on a pro rata basis. The bill also extends the sunset date of the coalfield employment enhancement tax credit through taxable years beginning before January 1, 2022. This bill is identical to SB 44.
FULL TEXT
- 01/04/16 House: Prefiled and ordered printed; offered 01/13/16 16102050D pdf | impact statement
- 03/01/16 Senate: Committee substitute printed 16105939D-S1 pdf
- 03/03/16 House: Bill text as passed House and Senate (HB298ER) pdf | impact statement
AMENDMENTS
HISTORY
- 01/04/16 House: Prefiled and ordered printed; offered 01/13/16 16102050D
- 01/04/16 House: Referred to Committee on Finance
- 02/10/16 House: Assigned Finance sub: Subcommittee #3
- 02/12/16 House: Subcommittee recommends reporting (4-Y 1-N)
- 02/15/16 House: Reported from Finance (14-Y 7-N)
- 02/16/16 House: Read first time
- 02/17/16 House: Passed by for the day
- 02/18/16 House: Read second time and engrossed
- 02/19/16 House: Read third time and passed House (75-Y 23-N)
- 02/19/16 House: VOTE: PASSAGE (75-Y 23-N)
- 02/19/16 House: Reconsideration of passage agreed to by House
- 02/19/16 House: Passed House (74-Y 23-N 1-A)
- 02/19/16 House: VOTE: PASSAGE #2 (74-Y 23-N 1-A)
- 02/22/16 Senate: Constitutional reading dispensed
- 02/22/16 Senate: Referred to Committee on Finance
- 03/01/16 Senate: Reported from Finance with substitute (14-Y 1-N)
- 03/01/16 Senate: Committee substitute printed 16105939D-S1
- 03/02/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/02/16 Senate: Read third time
- 03/02/16 Senate: Reading of substitute waived
- 03/02/16 Senate: Committee substitute agreed to 16105939D-S1
- 03/02/16 Senate: Engrossed by Senate - committee substitute HB298S1
- 03/02/16 Senate: Passed Senate with substitute (29-Y 11-N)
- 03/02/16 House: Senate substitute agreed to by House 16105939D-S1 (70-Y 24-N 1-A)
- 03/02/16 House: VOTE: ADOPTION (70-Y 24-N 1-A)
- 03/03/16 House: Enrolled
- 03/03/16 House: Bill text as passed House and Senate (HB298ER)
- 03/03/16 House: Signed by Speaker
- 03/06/16 Senate: Signed by President
- 03/07/16 House: Enrolled Bill communicated to Governor on 3/7/2016
- 03/07/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 03/11/16 Governor: Vetoed by Governor
- 04/20/16 House: Placed on Calendar
- 04/20/16 House: Governor's veto overridden (68-Y 30-N 1-A)
- 04/20/16 House: VOTE: OVERRIDE GOVERNOR'S VETO (68-Y 30-N 1-A)
- 04/20/16 Senate: Passed in enrolled form (26-Y 13-N)
- 04/20/16 Senate: Motion to reconsider passed in enrolled form agreed to (23-Y 13-N)
- 04/20/16 Senate: Motion to pass in enrolled form rejected (24-Y 15-N)
- 04/20/16 Senate: Requires 26 affirmative votes to pass in enrolled form
- 04/20/16 Senate: Senate sustained Governor's veto