HB 402 Technology industry in tobacco-dependent localities.
William W. (Ted) Bennett, Jr. | all patrons    ...    notes
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Summary as passed: (all summaries)
Technology industry in tobacco-dependent localities. Creates tax credits and/or grants for capital, debt, cash, and stock investments in certain technology companies located in tobacco-dependent communities and for qualified research taking place in tobacco-dependent communities. The Technology Initiative in Tobacco-Dependent Localities Fund will be used to fund such tax credits and/or grants. Credits for capital investments are limited to 50 percent of the amount of the investment up to $500,000 per taxable year. Tax credits for debt, cash, and stock investments are limited to 50 percent of the amount of the investment up to $500,000 in aggregate per taxpayer. Tax credits for capital, debt, cash, and stock investments may first be taken in the taxable year in which the Tobacco Indemnification and Community Revitalization Commission finds that such investments were spent in a tobacco-dependent locality. Tax credits for qualified research taking place in tobacco-dependent localities is limited to 50 percent of the amount paid or incurred for such research and may be taken in the year in which such research and development activity occurred.

Full text:
01/13/00  House: Presented & ordered printed 002196632  pdf
02/14/00  House: Committee substitute printed 002221632-H1  pdf
03/03/00  Senate: Committee substitute printed 008471632-S1  pdf
03/13/00  House: Conference substitute printed 008477632-H2  pdf
03/21/00  House: Bill text as passed House and Senate (HB402ER)  pdf
04/24/00  House: Reenrolled bill text (HB402ER2)  pdf
05/08/00  Governor: Acts of Assembly Chapter text (CHAP1042)  pdf

Amendments:
Conference amendments
Governor's recommendation

Status:
01/13/00  House: Presented & ordered printed 002196632
01/13/00  House: Referred to Committee on Finance
01/18/00  House: Assigned to Finance sub-committee: 2
02/13/00  House: Reported from Finance with sub (23-Y 0-N)
02/13/00  House: Read first time
02/14/00  House: Committee substitute printed 002221632-H1
02/14/00  House: Constitutional reading dispensed
02/15/00  House: Committee substitute agreed to 002221632-H1
02/15/00  House: Engrossed by House - com. sub. 002221632-H1
02/15/00  House: Read third time and passed House (97-Y 0-N)
02/15/00  House: VOTE: PASSAGE (97-Y 0-N)
02/15/00  House: Communicated to Senate
02/17/00  Senate: Constitutional reading dispensed
02/17/00  Senate: Referred to Committee on Finance
03/02/00  Senate: Reported from Finance with substitute (12-Y 0-N)
03/03/00  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
03/03/00  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
03/03/00  Senate: Committee substitute printed 008471632-S1
03/06/00  Senate: Read third time
03/06/00  Senate: Reading of substitute waived
03/06/00  Senate: Committee substitute agreed to 008471632-S1
03/06/00  Senate: Engrossed by Senate - comm. sub. 008471632-S1
03/06/00  Senate: Passed Senate with substitute (39-Y 0-N)
03/06/00  Senate: VOTE: PASSAGE R (39-Y 0-N)
03/07/00  House: Placed on Calendar
03/08/00  House: Senate substitute rejected by House (1-Y 96-N)
03/08/00  House: VOTE: ADOPTION (1-Y 96-N)
03/09/00  Senate: Senate insisted on substitute (40-Y 0-N)
03/09/00  Senate: VOTE: INSIST & REQUEST (40-Y 0-N)
03/09/00  Senate: Senate requested conference committee
03/09/00  House: House acceded to request
03/09/00  House: Conferees appointed by House
03/09/00  House: Delegates: Bennett, Ruff, Dudley
03/09/00  Senate: Conferees appointed by Senate
03/09/00  Senate: Senators: Hawkins, Wampler, Marye
03/10/00  Senate: Reading of conference report waived
03/10/00  Senate: Conference report agreed to by Senate (40-Y 0-N)
03/10/00  Senate: VOTE: CONF. COMMITTEE RPT (40-Y 0-N)
03/10/00  Conference: Senate substitute rejected by conference committee
03/10/00  Conference: Sub. recommended by conference comm. 008477632-H1
03/10/00  House: Conference report agreed to by House (95-Y 0-N)
03/10/00  House: VOTE: ADOPTION (95-Y 0-N)
03/13/00  House: Conference substitute printed 008477632-H2
03/21/00  House: Bill text as passed House and Senate (HB402ER)
03/23/00  House: Enrolled
03/24/00  House: Signed by Speaker
03/25/00  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 (98-Y 0-N)
04/19/00  Senate: Senate concurred in Gov's recommendation (36-Y 2-N)
04/19/00  Senate: VOTE: ADOPT GOV.'S RECOMM. (36-Y 2-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 1042 (effective 7/1/00)
04/24/00  House: Reenrolled bill text (HB402ER2)
05/08/00  Governor: Acts of Assembly Chapter text (CHAP1042)