SB 859 Enterprise zone business tax credit.
Walter A. Stosch | all patrons    ...    notes
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Summary as passed: (all summaries)
Enterprise zone business tax credit. Adds a definition for "high investment/limited job creation qualified business firms" for purposes of enterprise zone tax credits. Such a firm is a qualified business firm making qualified zone investments of $50 million or more but creating fewer than 50 permanent full-time positions. Such firms shall be allowed a business tax credit provided (i) the amounts shall not exceed those allowed to small qualified business firms, and (ii) the credit amount shall not exceed the amount recovered by the Commonwealth through revenues generated from new state income tax collections resulting from the new, permanent full-time positions within a five-year period. The bill is effective for taxable years beginning on and after January 1, 2003.

Full text:
01/08/03  Senate: Presented & ordered printed, prefiled 01/07/03 032448204  pdf | impact statement
02/12/03  House: Committee substitute printed 033472540-H1  pdf
02/27/03  Senate: Bill text as passed Senate and House (SB859ER)  pdf | impact statement
03/27/03  Governor: Acts of Assembly Chapter text (CHAP0676)  pdf

Status:
01/08/03  Senate: Presented & ordered printed, prefiled 01/07/03 032448204
01/08/03  Senate: Referred to Committee on Commerce and Labor
01/20/03  Senate: Reported from Commerce and Labor (14-Y 0-N)
01/22/03  Senate: Constitutional reading dispensed (38-Y 0-N)
01/22/03  Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
01/23/03  Senate: Passed by for the day
01/24/03  Senate: Read second time and engrossed
01/27/03  Senate: Read third time and passed Senate (39-Y 0-N)
01/27/03  Senate: VOTE: PASSAGE R (39-Y 0-N)
01/27/03  Senate: Communicated to House
01/29/03  House: Placed on Calendar
01/29/03  House: Read first time
01/29/03  House: Referred to Committee on Commerce and Labor
02/11/03  House: Referred from Commerce and Labor (21-Y 0-N)
02/11/03  House: Referred to Committee on Finance
02/12/03  House: Reported from Finance with sub (22-Y 0-N)
02/12/03  House: Committee substitute printed 033472540-H1
02/14/03  House: Read second time
02/17/03  House: Read third time
02/17/03  House: Committee substitute agreed to 033472540-H1
02/17/03  House: Engrossed by House - committee substitute 033472540-H1
02/17/03  House: Passed House with substitute BLOCK VOTE (91-Y 0-N)
02/17/03  House: VOTE: BLOCK VOTE PASSAGE (91-Y 0-N)
02/19/03  Senate: House substitute agreed to by Senate (39-Y 0-N)
02/19/03  Senate: VOTE: CONCUR HOUSE AMENDMENT (39-Y 0-N)
02/19/03  Senate: Rec. of House sub. agreed to by Senate (39-Y 0-N)
02/19/03  Senate: VOTE: RECONSIDER (39-Y 0-N)
02/19/03  Senate: House substitute agreed to by Senate (40-Y 0-N)
02/19/03  Senate: VOTE: CONCUR HOUSE AMENDMENT (40-Y 0-N)
02/27/03  Senate: Bill text as passed Senate and House (SB859ER)
03/05/03  Senate: Enrolled
03/05/03  House: Signed by Speaker
03/06/03  Senate: Signed by President
03/19/03  Governor: Approved by Governor-Chapter 676 (effective 7/1/03)
03/27/03  Governor: Acts of Assembly Chapter text (CHAP0676)