HB 222 Virginia House of Delegates · 2018 Regular Session

Income tax, corporate & state; modification for certain companies, grants.

Summary

Establishes an income tax modification for companies that, from 2018 through 2028, either (i) invest at least $5 million in new capital investment in a qualified locality and create at least 10 jobs paying at least twice the minimum wage in a qualified locality or (ii) create at least 50 jobs paying at least twice the minimum wage in a qualified locality. A company is eligible to claim the modification only if it had no property or payroll in Virginia on the effective date of the act.

Bill status failed 4 of 5 stages cleared

Introduction

Dec 2017

Committee Review

Mar 2018

House of Delegates Passage

Feb 2018

Senate Passage

Feb 2018

Governor

Introduced Dec 29, 2017 Last action Mar 9, 2018

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

30

Key actions

13

Committee

13

Amendments

2

Mar 9, 2018

Legislature · Passed

Conference report agreed to by House (86-Y 10-N)

legislature

Mar 9, 2018

Legislature · Passed

Reconsideration of conference report agreed to by House

legislature

Mar 9, 2018

Legislature · Passed

Conference report agreed to by House (88-Y 7-N)

legislature

Mar 9, 2018

Legislature · Passed

Amended by conference committee

legislature

Feb 28, 2018

Legislature · Passed

Senate requested conference committee

legislature

Feb 28, 2018

Legislature · Passed

Engrossed by Senate - committee substitute HB222S1

legislature

Feb 28, 2018

Legislature · Passed

Committee substitute agreed to 18107501D-S1

legislature

Feb 14, 2018

Committee

Referred to Committee on Finance

legislature

Feb 13, 2018

Legislature · Passed

Read third time and passed House (87-Y 12-N)

legislature

Feb 12, 2018

Legislature · Passed

Engrossed by House - committee substitute with amendments HB222EH2

legislature

Feb 12, 2018

Legislature · Passed

Amendments by Delegate Habeeb agreed to

legislature

Feb 12, 2018

Legislature · Passed

Amendment by Delegate Morefield agreed to

legislature

Feb 12, 2018

Legislature · Passed

Committee substitute agreed to 18106663D-H2

legislature

Feb 5, 2018

Legislature · Passed

Draft Subcommittee substitute printed to LIS only 18106663D-H1

legislature

Jan 30, 2018

Committee

Assigned Finance sub: Subcommittee #2

legislature

Dec 29, 2017

Committee

Referred to Committee on Finance

legislature

Dec 29, 2017

Introduced

Prefiled and ordered printed; offered 01/10/18 18100385D

legislature

1 primary · 42 co-sponsors

Sponsors

Role

Legislator

Party

State

District

A. Benton "Ben" Chafin

Brenda L. Pogge

Charles W. Carrico, Sr.

Cheryl B. Turpin