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- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
1998 SESSION
HB 984 Enterprise zones; redesignation.
Introduced by: A. Donald McEachin | all patrons ... notes | add to my profiles
SUMMARY:
Enterprise zones; joint zones. Allows local governing bodies, with approval from the local governing body of a neighboring jurisdiction having the county manager form of government (Henrico County) and in accordance with applicable law and regulations, to create a joint enterprise zone with a contiguous neighboring jurisdiction. The measure also increases the total amount of business tax credits and real property investment tax credits available to small qualified business firms and small qualified zone residents from $5 million to $16 million. The amount of such credits available to large qualified business firms and large qualified zone residents remains at $3 million. The measure also reduces the criteria for designation as a large qualified business firm from making investments of $25 million that result in 100 new permanent jobs to making investments of $15 million that result in 50 new permanent jobs. Qualified business firms not designated as large qualified business firms are designated as small qualified business firms. Small qualified business firms are allowed an income tax credit equal to 80 percent of tax liability in the first year and 60 percent in each of the following nine years. The amount of the income tax credit received by large qualified business firms is determined by negotiation between the Department of Housing and Community Development and the firm, not to exceed the amounts available to a small qualified business firm.
FULL TEXT
- 01/26/98 House: Presented & ordered printed 985531351 pdf
- 02/14/98 House: Printed as engrossed 985531351-E pdf
- 03/05/98 Senate: Committee substitute printed 985462351-S1 pdf
- 03/10/98 Senate: Floor substitute printed 985477743-S2 (Stosch) pdf
- 03/30/98 House: Bill text as passed House and Senate (HB984ER) pdf
- 05/07/98 Governor: Acts of Assembly Chapter text (CHAP0759) pdf
AMENDMENTS
HISTORY
- 01/26/98 House: Presented & ordered printed 985531351
- 01/26/98 House: Referred to Committee on Counties, Cities and Towns
- 02/04/98 House: Assigned to C. C. T. sub-committee: 1
- 02/06/98 House: Reported from Count., Cities and Towns (22-Y 0-N)
- 02/06/98 House: Referred to Committee on Finance
- 02/12/98 House: Read first time
- 02/12/98 House: Reported from Finance with amd. (21-Y 1-N)
- 02/13/98 House: Passed by for the day
- 02/14/98 House: Read second time
- 02/14/98 House: Committee amendment agreed to
- 02/14/98 House: Engrossed by House as amended
- 02/14/98 House: Printed as engrossed 985531351-E
- 02/15/98 House: Read third time and passed House (99-Y 1-N)
- 02/15/98 House: VOTE: PASSAGE (99-Y 1-N)
- 02/15/98 House: Communicated to Senate
- 02/16/98 Senate: Constitutional reading dispensed
- 02/16/98 Senate: Referred to Committee on Commerce and Labor
- 02/23/98 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 02/23/98 Senate: Rereferred to Finance
- 03/05/98 Senate: Committee substitute printed 985462351-S1
- 03/05/98 Senate: Reported from Finance with substitute (15-Y 0-N 2-A)
- 03/06/98 Senate: Const. reading disp., passed by for the day (40-Y 0-N)
- 03/06/98 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 03/09/98 Senate: Passed by for the day
- 03/10/98 Senate: Read third time
- 03/10/98 Senate: Reading of substitute waived
- 03/10/98 Senate: Committee substitute rejected 985462351-S1
- 03/10/98 Senate: Reading of substitute waived
- 03/10/98 Senate: Substitute by Sen. Stosch agreed to 985477743-S2
- 03/10/98 Senate: Floor substitute printed 985477743-S2 (Stosch)
- 03/10/98 Senate: Engrossed by Senate - fl. sub. 985477743-S2
- 03/10/98 Senate: Passed Senate with substitute (38-Y 0-N)
- 03/10/98 Senate: VOTE: PASSAGE R (38-Y 0-N)
- 03/10/98 Senate: Rec. of Sen. passage agreed to by Senate (39-Y 0-N)
- 03/10/98 Senate: VOTE: RECONSIDER R (39-Y 0-N)
- 03/10/98 Senate: Passed Senate with substitute (39-Y 0-N)
- 03/10/98 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 03/11/98 House: Placed on Calendar
- 03/12/98 House: Senate substitute agreed to by House (100-Y 0-N)
- 03/12/98 House: VOTE: ADOPTION (100-Y 0-N)
- 03/30/98 House: Bill text as passed House and Senate (HB984ER)
- 04/06/98 House: Enrolled
- 04/06/98 House: Signed by Speaker
- 04/08/98 Senate: Signed by President
- 04/16/98 Governor: Approved by Governor-Chapter 759 (effective 7/1/98)
- 05/07/98 Governor: Acts of Assembly Chapter text (CHAP0759)