SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1998 SESSION
SB 35 Insurance companies; retaliatory tax credit.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY:
Retaliatory tax credit. Provides certain insurance companies headquartered in Virginia with a credit against their Virginia gross premium tax liability in an amount equal to the retaliatory costs incurred. To be eligible for the tax credit, a company must increase the number of permanent full-time employees by at least 325 during (i) calendar year 1997 or (ii) any taxable year beginning on or after January 1, 2001. Members of an affiliated insurance group will be counted as one company for purposes of determining the amount of expenditures and number of employees. Excess credits of up to $800,000 in any year are refundable. Unused credits may be carried forward for five years.
FULL TEXT
- 01/14/98 Senate: Presented & ordered printed, prefiled 01/13/98 985311743 pdf
- 02/17/98 Senate: Committee substitute printed 985423743-S1 pdf
HISTORY
- 01/14/98 Senate: Presented & ordered printed, prefiled 01/13/98 985311743
- 01/14/98 Senate: Referred to Committee on Finance
- 02/17/98 Senate: Reported from Finance with substitute (17-Y 0-N)
- 02/17/98 Senate: Committee substitute printed 985423743-S1
- 02/18/98 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/18/98 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 02/19/98 Senate: Read second time
- 02/19/98 Senate: Reading of substitute waived
- 02/19/98 Senate: Committee substitute agreed to 985423743-S1
- 02/19/98 Senate: Engrossed by Senate - comm. sub.985423743-S1
- 02/20/98 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/20/98 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/20/98 Senate: Communicated to House
- 02/23/98 House: Placed on Calendar
- 02/24/98 House: Read first time
- 02/24/98 House: Referred to Committee on Finance
- 03/03/98 House: Reported from Finance with amd. (24-Y 0-N)
- 03/04/98 House: Read second time
- 03/04/98 House: Constitutional reading dispensed
- 03/04/98 House: Motion to rerefer to committee agreed to
- 03/04/98 House: Rereferred to Finance
- 03/10/98 House: No action taken by Finance by voice vote