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Developed and maintained by the Division of Legislative Automated Systems.
1997 SESSION
SB 914 Major business facility job tax credit.
Introduced by: Warren E. Barry | all patrons ... notes | add to my profiles
SUMMARY:
Major business facility job tax credit. Excludes positions in buildings and grounds maintenance, security, and other positions which are ancillary to the principal activities performed by employees at a major business facility from qualifying as new permanent full-time positions. The major business facility job tax credit program provides major business facilities with a tax credit of $1,000 per new permanent full-time position. Employees of a contractor or subcontractor are included in the number of employees at a major business facility if the employees are permanently assigned to the facility and the contractor or subcontractor agrees not to claim a tax credit for them. The measure also prohibits a person from obtaining both the major business facility job tax credit and the coalfield employment enhancement tax credit, and excludes persons operating a horse racing business from claiming a major business facility job tax credit. These provisions apply to major business facilities established or expanded on or after January 1, 1997. The measure also (i) clarifies that the tax credit shall be granted to the person paying unemployment compensation tax on the qualified full-time employees, (ii) repeals the requirement that the Department of Taxation certify the eligibility of major business facilities, and (iii) provides that a company engaged in any business other than a retail trade business may qualify as a major business facility; these provisions are declaratory of existing law. Finally, the bill limits the credit which is related to the establishment or expansion of all major business facilities during a 24-month period ending between January 1, 1995, and December 31, 1996, to $750,000, for any taxpayer which includes employees of a contractor or subcontractor as qualified full-time employees in computing its credit.
FULL TEXT
- 01/15/97 Senate: Presented & ordered printed 971286805 pdf
- 03/04/97 Senate: Reenrolled bill text (SB914ER) pdf
- 04/02/97 Senate: Reenrolled bill text (SB914ER) pdf
- 04/04/97 Governor: Acts of Assembly Chapter text (CHAP0786) pdf
AMENDMENTS
HISTORY
- 01/15/97 Senate: Presented & ordered printed 971286805
- 01/15/97 Senate: Referred to Committee on Finance
- 01/28/97 Senate: Reported from Finance (17-Y 0-N)
- 01/29/97 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/29/97 Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
- 01/30/97 Senate: Read second time and engrossed
- 01/30/97 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/30/97 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 01/30/97 Senate: Passed Senate (39-Y 0-N)
- 01/30/97 Senate: VOTE: PASSAGE (39-Y 0-N)
- 01/30/97 Senate: Communicated to House
- 02/01/97 House: Placed on Calendar
- 02/02/97 House: Read first time
- 02/02/97 House: Referred to Committee on Finance
- 02/05/97 House: Assigned to Finance sub-committee: 1
- 02/11/97 House: Reported from Finance with amds. (22-Y 0-N)
- 02/11/97 House: Read second time
- 02/11/97 House: Constitutional reading dispensed (97-Y 0-N)
- 02/11/97 House: Committee amendments agreed to
- 02/11/97 House: Engrossed by House as amended
- 02/11/97 House: Passed House with amendments (Block Vote) (94-Y 0-N)
- 02/11/97 House: VOTE: BLOCK VOTE PASSAGE (94-Y 0-N)
- 02/11/97 Senate: House amendments rejected by Senate (1-Y 39-N)
- 02/11/97 Senate: VOTE: CONCUR HOUSE AMENDMENT (1-Y 39-N)
- 02/11/97 House: House insisted on amendments
- 02/11/97 House: House requested conference committee
- 02/11/97 Senate: Senate acceded to request (40-Y 0-N)
- 02/11/97 Senate: VOTE: ACCEDE CONFERENCE COMM. (40-Y 0-N)
- 02/11/97 Senate: Conferees appointed by Senate
- 02/11/97 Senate: Senators: Barry, Holland, Stosch
- 02/11/97 House: Conferees appointed by House
- 02/11/97 House: Delegates: Brickley, Diamonstein, Watkins
- 02/18/97 House: Conference report agreed to by House (100-Y 0-N)
- 02/18/97 House: VOTE: ADOPTION (100-Y 0-N)
- 02/18/97 Senate: Reading of conference report waived
- 02/18/97 Conference: House amendments accepted by conference committee
- 02/18/97 Senate: Conference report agreed to by Senate (40-Y 0-N)
- 02/18/97 Senate: VOTE: CONFERENCE COMMITTEE RPT (40-Y 0-N)
- 03/04/97 Senate: Reenrolled bill text (SB914ER)
- 03/07/97 Senate: Enrolled
- 03/07/97 House: Signed by Speaker
- 03/09/97 Senate: Signed by President
- 03/24/97 Senate: Governor's recommendation received by Senate
- 04/02/97 Senate: Reading of Governor's communication waived
- 04/02/97 Senate: Senate concurred in Gov's recommendation (38-Y 0-N)
- 04/02/97 Senate: VOTE: AGREE TO GOV'S RECOMM. (38-Y 0-N)
- 04/02/97 House: House concurred in Gov's rec. (Block Vote) (99-Y 0-N)
- 04/02/97 House: VOTE: BLOCK VOTE ADOPTION (99-Y 0-N)
- 04/02/97 Governor: Governor's recommendation adopted
- 04/02/97 Senate: Reenrolled
- 04/02/97 Senate: Reenrolled bill text (SB914ER)
- 04/02/97 Senate: Signed by President as reenrolled
- 04/02/97 House: Signed by Speaker as reenrolled
- 04/02/97 House: Enacted, Chapter 786 (effective 7/1/97)
- 04/04/97 Governor: Acts of Assembly Chapter text (CHAP0786)