Bill Text: VA HB246 | 2012 | Regular Session | Chaptered
Bill Title: Legislation; prohibits any committee of General Assembly from reporting new state tax credit, etc.
Spectrum: Bipartisan Bill
Status: (Passed) 2012-03-20 - Governor: Acts of Assembly Chapter text (CHAP0265) [HB246 Detail]
Download: Virginia-2012-HB246-Chaptered.html
Be it enacted by the General Assembly of Virginia: 1. That the Code of Virginia is amended by adding a section numbered 30-19.1:11 as follows: §30-19.1:11. Legislation that creates or renews tax credits. No bill proposing to add a new state tax credit or renew an
existing state tax credit shall be reported from any committee of the General
Assembly unless such bill contains an expiration date of not longer than five
years from the effective date of the new or renewed state tax credit. |