HB 176 Income tax; subtractions for income received by tobacco farmers.
Whittington W. Clement | all patrons    ...    notes
| add to my profiles

Summary as passed: (all summaries)
Income tax; subtractions for income received by tobacco farmers from tobacco settlement funds and Nazi reparation payments. Provides a subtraction from federal adjusted gross income for individuals, and from federal taxable income for corporations, when calculating Virginia taxable income for any amounts received by (i) tobacco farmers; (ii) persons holding a tobacco marketing quota or tobacco farm acreage allotment; or (iii) persons with the right to grow tobacco pursuant to a quota or allotment as a result of (a) the tobacco Master Settlement Agreement, (b) the National Tobacco Grower Settlement Trust, and (c) the federal Tobacco Loss Assistance Program. The subtraction is effective for taxable years beginning on and after January 1, 1999. The bill also provides for a subtraction, beginning with the 2000 taxable year, from federal adjusted gross income for certain reparation payments received by victims or targets of Nazi persecution. SB 178 provides for the same subtractions with respect to the receipt of tobacco settlement funds.

Full text:
01/12/00  House: Presented & ordered printed 008629672  pdf
02/08/00  House: Committee substitute printed 008871672-H1  pdf
02/10/00  House: Printed as engrossed 008871672-EH1  pdf
03/14/00  House: Bill text as passed House and Senate (HB176ER)  pdf
04/24/00  House: Reenrolled bill text (HB176ER2)  pdf
05/08/00  Governor: Acts of Assembly Chapter text (CHAP1039)  pdf

Amendments:
House amendments
Senate amendments
Senate amendments engrossed
Governor's recommendation

Status:
01/12/00  House: Presented & ordered printed 008629672
01/12/00  House: Referred to Committee on Finance
01/18/00  House: Assigned to Finance sub-committee: 2
02/06/00  House: Reported from Finance with sub (23-Y 0-N)
02/08/00  House: Committee substitute printed 008871672-H1
02/08/00  House: Read first time
02/09/00  House: Read second time
02/09/00  House: Committee substitute agreed to 008871672-H1
02/09/00  House: Passed by for the day
02/10/00  House: Read second time
02/10/00  House: Amendments by Del. Clement agreed to
02/10/00  House: Emergency clause added
02/10/00  House: Engrossed by House - com. sub. w/amds. 008871672-EH1
02/10/00  House: Printed as engrossed 008871672-EH1
02/11/00  House: Read third time and passed House (99-Y 0-N)
02/11/00  House: VOTE: PASSAGE EMERGENCY (99-Y 0-N)
02/11/00  House: Communicated to Senate
02/14/00  Senate: Constitutional reading dispensed
02/14/00  Senate: Referred to Committee on Finance
02/22/00  Senate: Reported from Finance (15-Y 0-N)
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)
02/24/00  Senate: Passed by for the day
02/25/00  Senate: Passed by for the day
02/28/00  Senate: Read third time
02/28/00  Senate: Reading of amendment waived
02/28/00  Senate: Amendment by Sen. Ticer agreed to
02/28/00  Senate: Engrossed by Senate as amended
02/28/00  Senate: Passed Senate with amendment (39-Y 0-N)
02/28/00  Senate: VOTE: PASSAGE R (39-Y 0-N)
02/29/00  House: Placed on Calendar
03/01/00  House: Senate amendment agreed to by House (96-Y 0-N)
03/01/00  House: VOTE: ADOPTION EMERGENCY (96-Y 0-N)
03/14/00  House: Bill text as passed House and Senate (HB176ER)
03/16/00  House: Enrolled
03/16/00  House: Signed by Speaker
03/17/00  Senate: Signed by President
04/10/00  House: Governor's recommendation received by House
04/19/00  House: Placed on Calendar
04/19/00  House: House concurred in Gov's recommendation (98-Y 0-N)
04/19/00  House: VOTE: ADOPTION EMERGENCY (98-Y 0-N)
04/19/00  Senate: Senate concurred in Gov's recommendation (39-Y 0-N)
04/19/00  Senate: VOTE: ADOPT GOV.'S RECOMM. (39-Y 0-N)
04/19/00  Governor: Governor's recommendation adopted
04/19/00  House: Reenrolled
04/19/00  House: Signed by Speaker as reenrolled
04/19/00  Senate: Signed by President as reenrolled
04/19/00  House: Enacted, Chapter 1039 (effective 4/19/00)
04/24/00  House: Reenrolled bill text (HB176ER2)
05/08/00  Governor: Acts of Assembly Chapter text (CHAP1039)