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- Subject Index: Since 1995
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2000 SESSION
HB 732 Tax credits; coalfield employment enhancement tax credit.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Tax credits; coalfield employment enhancement tax credit. Extends the sunset date for the availability of the coalfield employment tax credit from tax years beginning before January 1, 2002, to tax years beginning before January 1, 2008. For credits earned in tax years beginning on and after January 1, 2002, 85 percent of the excess of the credit over the taxpayer's state tax liability for the applicable tax year shall be redeemable by the Commonwealth. The remaining 15 percent of such excess shall be deposited by the Tax Commissioner in a regional economic development fund administered by the Coalfields Economic Development Authority and to be used for regional economic diversification. Current law provides for the Commonwealth to redeem 90 percent of the excess of the credit over the taxpayer's state tax liability with 10 percent of such excess deposited in such regional economic development fund. This bill is identical to SB 421.
FULL TEXT
- 01/21/00 House: Presented & ordered printed 002541816 pdf
- 02/22/00 Senate: Committee substitute printed 009363556-S1 pdf
- 03/01/00 House: Bill text as passed House and Senate (HB732ER) pdf
- 03/13/00 Governor: Acts of Assembly Chapter text (CHAP0091) pdf
HISTORY
- 01/21/00 House: Presented & ordered printed 002541816
- 01/21/00 House: Referred to Committee on Finance
- 01/24/00 House: Assigned to Finance sub-committee: 2
- 02/06/00 House: Reported from Finance (23-Y 0-N)
- 02/08/00 House: Read first time
- 02/09/00 House: Read second time and engrossed
- 02/10/00 House: Read third time and passed House (Block Vote) (99-Y 0-N)
- 02/10/00 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/10/00 House: Communicated to Senate
- 02/11/00 Senate: Constitutional reading dispensed
- 02/11/00 Senate: Referred to Committee on Finance
- 02/22/00 Senate: Reported from Finance with substitute (15-Y 0-N)
- 02/22/00 Senate: Committee substitute printed 009363556-S1
- 02/23/00 Senate: Const. reading disp., passed by for the day (39-Y 0-N)
- 02/23/00 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/25/00 Senate: Read third time
- 02/25/00 Senate: Reading of substitute waived
- 02/25/00 Senate: Committee substitute agreed to 009363556-S1
- 02/25/00 Senate: Engrossed by Senate - comm. sub. 009363556-S1
- 02/25/00 Senate: Passed Senate with substitute (39-Y 0-N)
- 02/25/00 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 02/28/00 House: Placed on Calendar
- 02/29/00 House: Senate substitute agreed to by House (99-Y 0-N)
- 02/29/00 House: VOTE: ADOPTION (99-Y 0-N)
- 03/01/00 House: Bill text as passed House and Senate (HB732ER)
- 03/02/00 House: Enrolled
- 03/03/00 House: Signed by Speaker
- 03/03/00 Senate: Signed by President
- 03/10/00 Governor: Approved by Governor-Chapter 91 (effective 7/1/00)
- 03/13/00 Governor: Acts of Assembly Chapter text (CHAP0091)