Virginia House Bill 406 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 3 2014 - 25% progression, died in committee
Action: 2014-02-12 - Left in Rules
Pending: House Rules Committee
Text: Latest bill text (Prefiled) [HTML]

Joint Subcommittee to Evaluate Tax Preferences. Requires the Joint Subcommittee to report to the General Assembly annually by October 1 its recommendations with regard to existing tax preferences. The bill provides for the Joint Subcommittee to adopt an initial schedule for reviewing Virginia's tax preferences by October 1, 2014, and to update the schedule by October 1 of each year thereafter, as necessary, for purposes including but not limited to incorporating newly enacted tax preferences. The bill also provides that performance measures established by the Joint Subcommittee for economic development tax preferences require the creation or maintenance of a minimum number of new full-time jobs for which (i) the average wages are at least equal to the prevailing average wage in the county or city in which the economic development project is located, and (ii) standard fringe benefits are paid or provided by the employer.

Evaluate Tax Preferences, Joint Subcommittee to; required to report to General Assembly annually.

Del. David Toscano [D]

Date	Chamber	Action
2014-02-12	House	Left in Rules
2014-01-30	House	Subcommittee recommends laying on the table by voice vote
2014-01-28	House	Assigned Rules sub: Studies
2014-01-03	House	Referred to Committee on Rules
2014-01-03	House	Prefiled and ordered printed; offered 01/08/14 14102694D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+HB406
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB406+hil