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1998 SESSION
HB 265 Major business facility job tax credit.
Introduced by: Eric I. Cantor | all patrons ... notes | add to my profiles
SUMMARY:
Major business facility job tax credit. Allows two or more affiliated companies to aggregate the number of jobs created for qualified full-time employees in order to meet the requirements for the tax credit. The act currently conditions eligibility on the creation of at least 100 jobs for qualified full-time employees (or 50 jobs if located in an enterprise zone). Companies will be affiliated if (i) one company owns at least 80 percent of the voting power of the other or others or (ii) at least 80 percent of the voting power of two or more companies is owned by the same interests. The measure applies to major business facilities established or expanded on or after January 1, 1997.
FULL TEXT
- 01/15/98 House: Presented & ordered printed 987308805 pdf
- 03/17/98 House: Bill text as passed House and Senate (HB265ER) pdf
- 04/16/98 Governor: Acts of Assembly Chapter text (CHAP0367) pdf
HISTORY
- 01/15/98 House: Presented & ordered printed 987308805
- 01/15/98 House: Referred to Committee on Finance
- 01/22/98 House: Assigned to Finance sub-committee: 2
- 02/17/98 House: Reported from Finance (23-Y 0-N)
- 02/18/98 House: Read first time
- 02/19/98 House: Read second time and engrossed
- 02/20/98 House: Read third time and passed House (Block Vote) (97-Y 0-N)
- 02/20/98 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 02/20/98 House: Communicated to Senate
- 02/23/98 Senate: Constitutional reading dispensed
- 02/23/98 Senate: Referred to Committee on Finance
- 03/03/98 Senate: Reported from Finance (16-Y 0-N)
- 03/04/98 Senate: Constitutional reading dispensed (39-Y 0-N)
- 03/04/98 Senate: VOTE: (39-Y 0-N)
- 03/04/98 Senate: Read third time
- 03/04/98 Senate: Passed Senate (38-Y 0-N)
- 03/04/98 Senate: VOTE: PASSAGE R (38-Y 0-N)
- 03/17/98 House: Bill text as passed House and Senate (HB265ER)
- 03/23/98 House: Enrolled
- 03/23/98 House: Signed by Speaker
- 03/25/98 Senate: Signed by President
- 04/11/98 Governor: Approved by Governor-Chapter 367 (effective 7/1/98)
- 04/16/98 Governor: Acts of Assembly Chapter text (CHAP0367)