VA SB428 | 2010 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on April 21 2010 - 100% progression
Action: 2010-04-21 - Governor: Acts of Assembly Chapter text (CHAP0802)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on April 21 2010 - 100% progression
Action: 2010-04-21 - Governor: Acts of Assembly Chapter text (CHAP0802)
Text: Latest bill text (Chaptered) [HTML]
Summary
Income taxes; recognition of income from capital gains. Grants an income tax deduction for any income taxed as a long-term capital gain for federal income tax purposes or any income taxed as investment services partnership interest income, on or after January 1, 2011, that is related to a qualified investment in a technology and science start-up business having a principal office or facility in the Commonwealth and less than $3 million in annual revenues in the fiscal year prior to the investment. The deduction would relate to investments made between July 1, 2010, and June 30, 2013. The bill contains an emergency clause.
Title
Income tax, state; exemption for any income taxed as long-term capital gain for federal income tax.
Sponsors
Roll Calls
2010-04-21 - House - House: VOTE: --- ADOPTION (95-Y 0-N) (Y: 97 N: 0 NV: 4 Abs: 0) [PASS]
2010-04-21 - Senate - Senate: Senate concurred in Governor's recommendation (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-03-03 - Senate - Senate: House substitute agreed to by Senate (36-Y 2-N) (Y: 34 N: 2 NV: 2 Abs: 0) [PASS]
2010-03-03 - House - House: VOTE: --- PASSAGE (99-Y 0-N) (Y: 101 N: 0 NV: 1 Abs: 0) [PASS]
2010-03-03 - House - House: VOTE: --- ADOPTION (36-Y 63-N) (Y: 36 N: 65 NV: 1 Abs: 0) [FAIL]
2010-03-01 - House - House: Reported from Finance with amendment (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-24 - House - House: Subcommittee recommends reporting with amendment(s) (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-09 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-04 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-03 - Senate - Senate: Reported from Finance with substitute (14-Y 1-N) (Y: 14 N: 1 NV: 0 Abs: 0) [PASS]
2010-04-21 - Senate - Senate: Senate concurred in Governor's recommendation (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-03-03 - Senate - Senate: House substitute agreed to by Senate (36-Y 2-N) (Y: 34 N: 2 NV: 2 Abs: 0) [PASS]
2010-03-03 - House - House: VOTE: --- PASSAGE (99-Y 0-N) (Y: 101 N: 0 NV: 1 Abs: 0) [PASS]
2010-03-03 - House - House: VOTE: --- ADOPTION (36-Y 63-N) (Y: 36 N: 65 NV: 1 Abs: 0) [FAIL]
2010-03-01 - House - House: Reported from Finance with amendment (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-24 - House - House: Subcommittee recommends reporting with amendment(s) (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-09 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-04 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-03 - Senate - Senate: Reported from Finance with substitute (14-Y 1-N) (Y: 14 N: 1 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-04-21 | Governor: Acts of Assembly Chapter text (CHAP0802) | |
| 2010-04-21 | House: Enacted, Chapter 802 (effective 4/21/10) | |
| 2010-04-21 | Senate: Signed by President as reenrolled | |
| 2010-04-21 | House: Signed by Speaker as reenrolled | |
| 2010-04-21 | Senate: Reenrolled bill text (SB428ER2) | |
| 2010-04-21 | House: Reenrolled | |
| 2010-04-21 | Governor: Governor's recommendation adopted | |
| 2010-04-21 | Governor: Emergency clause added by Governor's recommendation | |
| 2010-04-21 | House: VOTE: --- ADOPTION (95-Y 0-N) | |
| 2010-04-21 | House: House concurred in Governor's recommendation (95-Y 0-N) | |
| 2010-04-21 | Senate: Senate concurred in Governor's recommendation (40-Y 0-N) | |
| 2010-04-20 | Senate: Placed on Calendar | |
| 2010-04-13 | Senate: Governor's recommendation received by Senate | |
| 2010-03-13 | Senate: Signed by President | |
| 2010-03-11 | House: Signed by Speaker | |
| 2010-03-11 | Senate: Bill text as passed Senate and House (SB428ER) | |
| 2010-03-11 | Senate: Enrolled | |
| 2010-03-03 | Senate: Title replaced 10105812D-H1 | |
| 2010-03-03 | Senate: House substitute agreed to by Senate (36-Y 2-N) | |
| 2010-03-03 | House: VOTE: --- PASSAGE (99-Y 0-N) | |
| 2010-03-03 | House: Passed House with substitute (99-Y 0-N) | |
| 2010-03-03 | House: Engrossed by House - floor substitute SB428H1 | |
| 2010-03-03 | House: VOTE: --- ADOPTION (36-Y 63-N) | |
| 2010-03-03 | House: Amendment by Delegate Sickles rejected (36-Y 63-N) | |
| 2010-03-03 | House: Substitute by Delegate Nixon agreed to 10105812D-H1 | |
| 2010-03-03 | House: Floor substitute printed 10105812D-H1 (Nixon) | |
| 2010-03-03 | House: Committee amendment rejected | |
| 2010-03-03 | House: Read third time | |
| 2010-03-02 | House: Read second time | |
| 2010-03-01 | House: Reported from Finance with amendment (22-Y 0-N) | |
| 2010-02-24 | House: Subcommittee recommends reporting with amendment(s) (10-Y 0-N) | |
| 2010-02-17 | House: Assigned Finance sub: #2 | |
| 2010-02-16 | House: Referred to Committee on Finance | |
| 2010-02-16 | House: Read first time | |
| 2010-02-16 | House: Placed on Calendar | |
| 2010-02-09 | Senate: Read third time and passed Senate (40-Y 0-N) | |
| 2010-02-08 | Senate: Engrossed by Senate - committee substitute SB428S1 | |
| 2010-02-08 | Senate: Committee substitute agreed to 10104730D-S1 | |
| 2010-02-08 | Senate: Reading of substitute waived | |
| 2010-02-08 | Senate: Read second time | |
| 2010-02-04 | Senate: Constitutional reading dispensed (40-Y 0-N) | |
| 2010-02-03 | Senate: Reported from Finance with substitute (14-Y 1-N) | |
| 2010-02-03 | Senate: Committee substitute printed 10104730D-S1 | |
| 2010-01-13 | Senate: Referred to Committee on Finance | |
| 2010-01-13 | Senate: Prefiled and ordered printed; offered 01/13/10 10103716D |
