VA HB1355 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 21 2016 - 25% progression, died in chamber
Action: 2016-02-08 - Stricken from docket by Finance by voice vote
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2016 - 25% progression, died in chamber
Action: 2016-02-08 - Stricken from docket by Finance by voice vote
Text: Latest bill text (Introduced) [HTML]
Summary
Research and development expenses tax credit; refundability. Provides that any credit earned in excess of the taxpayer's income tax liability will not be refunded by the Tax Commissioner but may be carried forward to apply against the income taxes of the taxpayer in the seven taxable years that immediately follow the taxable year in which the credit was earned. The provisions of the bill are applicable for taxable year 2017 and taxable years thereafter.
Title
Research and development expenses tax credit; refundability.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-08 | House | Stricken from docket by Finance by voice vote |
| 2016-02-05 | House | Subcommittee recommends striking from docket by voice vote |
| 2016-02-04 | House | Assigned Finance sub: Subcommittee #3 |
| 2016-01-21 | House | Referred to Committee on Finance |
| 2016-01-21 | House | Presented and ordered printed 16104177D |
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+HB1355 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1355+hil |
