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2019 SESSION

• | print version

SB 1652 Virginia port volume increase tax credit; transfer of credits.

Introduced by: L. Louise Lucas | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia port volume increase tax credit; transfer of credits. Allows a taxpayer granted Virginia port volume increase tax credits to transfer unused credits to another taxpayer. The tax credit may be applied retroactively by the transferee to the date that the credits were originally issued so long as the statute of limitations for filing an amended return has not expired. Any transfer of credits shall occur within one calendar year of the credit holder earning the credit. Only tax credits issued in taxable years beginning on and after January 1, 2018, but before January 1, 2022, shall be transferable.

FULL TEXT

• 01/09/19  Senate: Presented and ordered printed 19103066D  pdf | impact statement
• 01/31/19  Senate: Printed as engrossed 19103066D-E  pdf | impact statement
• 02/18/19  Senate: Bill text as passed Senate and House (SB1652ER)  pdf | impact statement
• 03/21/19  Governor: Acts of Assembly Chapter text (CHAP0759)  pdf

AMENDMENTS

• House committee, floor amendments and substitutes offered
• House amendments adopted
• House amendments engrossed
• Senate amendments

HISTORY

• 01/09/19  Senate: Presented and ordered printed 19103066D
• 01/09/19  Senate: Referred to Committee on Finance
• 01/29/19  Senate: Reported from Finance with amendment (16-Y 0-N)
• 01/30/19  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/31/19  Senate: Read second time
• 01/31/19  Senate: Reading of amendment waived
• 01/31/19  Senate: Committee amendment agreed to
• 01/31/19  Senate: Reading of amendment waived
• 01/31/19  Senate: Amendment by Senator Hanger agreed to
• 01/31/19  Senate: Engrossed by Senate as amended SB1652E
• 01/31/19  Senate: Printed as engrossed 19103066D-E
• 02/01/19  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/06/19  House: Placed on Calendar
• 02/06/19  House: Read first time
• 02/06/19  House: Referred to Committee on Appropriations
• 02/06/19  House: Assigned App. sub: Transportation
• 02/12/19  House: Reported from Appropriations with amendments (22-Y 0-N)
• 02/12/19  House: Read second time
• 02/13/19  House: Read third time
• 02/13/19  House: Committee amendments agreed to
• 02/13/19  House: Engrossed by House as amended
• 02/13/19  House: Passed House with amendments (85-Y 9-N)
• 02/13/19  House: VOTE: PASSAGE (85-Y 9-N)
• 02/13/19  Senate: House amendments agreed to by Senate (38-Y 0-N)
• 02/18/19  Senate: Enrolled
• 02/18/19  Senate: Bill text as passed Senate and House (SB1652ER)
• 02/18/19  House: Signed by Speaker
• 02/19/19  Senate: Signed by President
• 02/20/19  Senate: Enrolled Bill Communicated to Governor on February 20, 2019
• 02/20/19  Governor: Governor's Action Deadline Midnight, March 26, 2019
• 03/21/19  Governor: Approved by Governor-Chapter 759 (effective 7/1/19)
• 03/21/19  Governor: Acts of Assembly Chapter text (CHAP0759)