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- Subject Index: Since 1995
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2000 SESSION
SB 421 Tax credits; coalfield employment enhancement tax credit.
Introduced by: William C. Wampler, Jr. | 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 the 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 to be used for regional economic diversification. Current law allows 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 a regional economic development fund administered by the Coalfields Economic Development Authority. It also extends the tax year in which the credit may be taken from 2004 to 2010.
FULL TEXT
- 01/21/00 Senate: Presented & ordered printed 008386556 pdf
- 02/15/00 Senate: Committee substitute printed 009352556-S1 pdf
- 02/17/00 Senate: Floor substitute printed 009361556-S2 (Wampler) pdf
- 02/29/00 House: Committee substitute printed 009362556-H1 pdf
- 03/08/00 Senate: Bill text as passed Senate and House (SB421ER) pdf
- 04/10/00 Senate: Governor's substitute printed 009840210-S3 pdf
- 05/23/00 Governor: Acts of Assembly Chapter text (CHAP1066) pdf
AMENDMENTS
HISTORY
- 01/21/00 Senate: Presented & ordered printed 008386556
- 01/21/00 Senate: Referred to Committee on Finance
- 02/15/00 Senate: Reported from Finance with substitute (16-Y 0-N)
- 02/15/00 Senate: Committee substitute printed 009352556-S1
- 02/16/00 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/16/00 Senate: VOTE: CONST. RDG. DISPENSED R (37-Y 0-N)
- 02/17/00 Senate: Read second time
- 02/17/00 Senate: Reading of substitute waived
- 02/17/00 Senate: Committee substitute rejected 009352556-S1
- 02/17/00 Senate: Reading of substitute waived
- 02/17/00 Senate: Substitute by Sen. Wampler agreed to 009361556-S2
- 02/17/00 Senate: Engrossed by Senate - fl. sub. 009361556-S2
- 02/17/00 Senate: Floor substitute printed 009361556-S2 (Wampler)
- 02/17/00 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/17/00 Senate: VOTE: CONST. RDG. DISPENSED (39-Y 0-N)
- 02/17/00 Senate: Passed Senate (39-Y 0-N)
- 02/17/00 Senate: VOTE: PASSAGE (39-Y 0-N)
- 02/17/00 Senate: Communicated to House
- 02/21/00 House: Placed on Calendar
- 02/21/00 House: Read first time
- 02/21/00 House: Referred to Committee on Finance
- 02/28/00 House: Reported from Finance with sub (23-Y 0-N)
- 02/29/00 House: Read second time
- 02/29/00 House: Committee substitute printed 009362556-H1
- 03/01/00 House: Read third time
- 03/01/00 House: Committee substitute agreed to 009362556-H1
- 03/01/00 House: Engrossed by House - com. sub. 009362556-H1
- 03/01/00 House: Passed House with substitute (Block Vote) (98-Y 0-N)
- 03/01/00 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 03/01/00 Senate: Reading of substitute waived
- 03/01/00 Senate: House substitute agreed to by Senate (37-Y 1-N)
- 03/01/00 Senate: VOTE: CONCUR HOUSE AMENDMENT (37-Y 1-N)
- 03/08/00 Senate: Bill text as passed Senate and House (SB421ER)
- 03/08/00 House: Enrolled
- 03/08/00 Senate: Signed by President
- 03/08/00 House: Signed by Speaker
- 04/10/00 Senate: Governor's recommendation received by Senate
- 04/10/00 Senate: Governor's substitute printed 009840210-S3
- 04/19/00 Senate: Placed on Calendar
- 04/19/00 Senate: Senate rejected Gov's recommendation (14-Y 25-N)
- 04/19/00 Senate: VOTE: ADOPT GOV.'S RECOMM. (14-Y 25-N)
- 04/19/00 Senate: Communicated to Governor
- 05/19/00 Governor: Approved by Governor-Chapter 1066 (effective 7/1/00)
- 05/23/00 Governor: Acts of Assembly Chapter text (CHAP1066)