VA HB873 | 2014 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 31 2014 - 100% progression
Action: 2014-03-31 - Governor: Acts of Assembly Chapter text (CHAP0423)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 31 2014 - 100% progression
Action: 2014-03-31 - Governor: Acts of Assembly Chapter text (CHAP0423)
Text: Latest bill text (Chaptered) [HTML]
Summary
Ports tax credits. Changes Virginia's ports-related tax credits by increasing the annual amount of international trade facility tax credits that may be issued from $250,000 to $1.25 million, decreasing the annual amount of barge and rail usage tax credits that may be issued from $1.5 million to $500,000, and allowing a taxpayer to be eligible for the port volume increase tax credit and the barge and rail usage tax credit if the taxpayer meets the criteria for both. The bill reduces from 10 percent to five percent the minimum annual increase in cargo transported through a maritime port that is a condition of eligibility for the international trade facility tax credit. The bill also makes roll-on/roll-off cargo eligible for the international trade facility, port volume increase, and barge and rail usage tax credits. The provisions of the bill would become effective for taxable years beginning on or after January 1, 2014.
Title
VA's ports-related tax credits; increases annual amount of international trade facility tax credits.
Sponsors
Del. Chris Jones [R] |
Roll Calls
2014-02-27 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-26 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2014-02-25 - Senate - Senate: Reported from Finance (17-Y 0-N) (Y: 17 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-07 - House - House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (Y: 99 N: 0 NV: 2 Abs: 0) [PASS]
2014-02-03 - House - House: Reported from Finance (20-Y 0-N) (Y: 21 N: 0 NV: 1 Abs: 0) [PASS]
2014-02-26 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2014-02-25 - Senate - Senate: Reported from Finance (17-Y 0-N) (Y: 17 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-07 - House - House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (Y: 99 N: 0 NV: 2 Abs: 0) [PASS]
2014-02-03 - House - House: Reported from Finance (20-Y 0-N) (Y: 21 N: 0 NV: 1 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2014-03-31 | Governor: Acts of Assembly Chapter text (CHAP0423) | |
2014-03-31 | Governor: Approved by Governor-Chapter 423 (effective 1/1/14) | |
2014-03-07 | Senate | Signed by President |
2014-03-04 | House | Signed by Speaker |
2014-03-04 | House | Bill text as passed House and Senate (HB873ER) |
2014-03-04 | House | Enrolled |
2014-02-27 | Senate | Passed Senate (40-Y 0-N) |
2014-02-27 | Senate | Read third time |
2014-02-26 | Senate | Constitutional reading dispensed (38-Y 0-N) |
2014-02-25 | Senate | Reported from Finance (17-Y 0-N) |
2014-02-10 | Senate | Referred to Committee on Finance |
2014-02-10 | Senate | Constitutional reading dispensed |
2014-02-07 | House | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) |
2014-02-07 | House | Read third time and passed House BLOCK VOTE (97-Y 0-N) |
2014-02-06 | House | Read second time and engrossed |
2014-02-05 | House | Passed by for the day |
2014-02-04 | House | Read first time |
2014-02-03 | House | Reported from Finance (20-Y 0-N) |
2014-01-08 | House | Referred to Committee on Finance |
2014-01-08 | House | Prefiled and ordered printed; offered 01/08/14 14102617D |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
58 | 1 | 439.12:06 | (n/a) | See Bill Text |
58 | 1 | 439.12:09 | (n/a) | See Bill Text |
58 | 1 | 439.12:10 | (n/a) | See Bill Text |