Javascript is required to run this page

HB222

Income tax, corporate and state; modification for certain companies, grants.

Status:
Enacted

Chief Patron:
Will Morefield (R)

Session:
2018 Regular Session

Summary

As Passed Both Chambers. Income tax; modification for certain companies; grants.

Establishes an income tax modification for companies that, from 2018 through 2024, either (i) invest at least $5 million in new capital investment in a qualified locality and create at least 10 jobs paying at least 150 percent of the minimum wage in a qualified locality or (ii) create at least 50 jobs paying at least 150 percent of the minimum wage in a qualified locality. A company is eligible to claim the modification only if it had no property or payroll in Virginia on the effective date of the act.

The bill defines "qualified locality" to include (a) the Counties of Alleghany, Bland, Buchanan, Carroll, Craig, Dickenson, Giles, Grayson, Lee, Russell, Scott, Smyth, Tazewell, Washington, Wise, and Wythe and the Cities of Bristol, Galax, and Norton; (b) the Counties of Amelia, Appomattox, Buckingham, Charlotte, Cumberland, Halifax, Henry, Lunenburg, Mecklenburg, Nottoway, Patrick, Pittsylvania, and Prince Edward and the Cities of Danville and Martinsville; (c) the Counties of Accomack, Caroline, Essex, Gloucester, King and Queen, King William, Lancaster, Mathews, Middlesex, Northampton, Northumberland, Richmond, and Westmoreland; and (d) the Counties of Brunswick and Dinwiddie and the City of Petersburg. "Qualified locality" also includes certain real property owned or partly owned by such localities outside of their territorial boundaries. (Less)

  • Bill History

  • 12/29/2017 - House: Prefiled and ordered printed; offered 01/10/18 18100385D
  • 12/29/2017 - House: Referred to Committee on Finance
  • 01/29/2018 - House: Impact statement from TAX (HB222)
  • 01/30/2018 - House: Assigned Finance sub: Subcommittee #2
  • 02/05/2018 - House: Draft Subcommittee substitute printed to LIS only 18106663D-H1
  • 02/07/2018 - House: Reported from Finance with substitute (19-Y 3-N)
  • 02/07/2018 - House: Committee substitute printed 18106663D-H2
  • 02/09/2018 - House: Read first time
  • 02/12/2018 - House: Read second time
  • 02/12/2018 - House: Committee substitute agreed to 18106663D-H2
  • 02/12/2018 - House: Amendment by Delegate Morefield agreed to
  • 02/12/2018 - House: Amendments by Delegate Habeeb agreed to
  • 02/12/2018 - House: Pending question ordered
  • 02/12/2018 - House: Engrossed by House - committee substitute with amendments HB222EH2
  • 02/12/2018 - House: Printed as engrossed 18106663D-EH2
  • 02/13/2018 - House: Read third time and passed House (87-Y 12-N)
  • 02/13/2018 - House: VOTE: PASSAGE (87-Y 12-N)
  • 02/14/2018 - Senate: Constitutional reading dispensed
  • 02/14/2018 - Senate: Referred to Committee on Finance
  • 02/26/2018 - House: Impact statement from TAX (HB222EH2)
  • 02/27/2018 - Senate: Reported from Finance with substitute (12-Y 3-N)
  • 02/27/2018 - Senate: Committee substitute printed 18107501D-S1
  • 02/28/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/28/2018 - Senate: Read third time
  • 02/28/2018 - Senate: Reading of substitute waived
  • 02/28/2018 - Senate: Committee substitute agreed to 18107501D-S1
  • 02/28/2018 - Senate: Engrossed by Senate - committee substitute HB222S1
  • 02/28/2018 - Senate: Passed Senate with substitute (31-Y 9-N)
  • 02/28/2018 - House: Senate substitute rejected by House 18107501D-S1 (0-Y 95-N)
  • 02/28/2018 - House: VOTE: REJECTED (0-Y 95-N)
  • 02/28/2018 - Senate: Senate insisted on substitute (40-Y 0-N)
  • 02/28/2018 - Senate: Senate requested conference committee
  • 02/28/2018 - House: Placed on Calendar
  • 02/28/2018 - House: House acceded to request
  • 02/28/2018 - Senate: Conferees appointed by Senate
  • 02/28/2018 - Senate: Senators: Stanley, Hanger, Howell
  • 02/28/2018 - House: Conferees appointed by House
  • 02/28/2018 - House: Delegates: Morefield, Hugo, Aird
  • 03/09/2018 - Conference: Amended by conference committee
  • 03/09/2018 - House: Conference substitute printed 18108193D-H3
  • 03/09/2018 - Senate: Conference report agreed to by Senate (37-Y 3-N)
  • 03/09/2018 - House: Conference report agreed to by House (88-Y 7-N)
  • 03/09/2018 - House: VOTE: ADOPTION (88-Y 7-N)
  • 03/09/2018 - House: Reconsideration of conference report agreed to by House
  • 03/09/2018 - House: Conference report agreed to by House (86-Y 10-N)
  • 03/09/2018 - House: VOTE: ADOPTION #2 (86-Y 10-N)
  • 03/20/2018 - House: Enrolled
  • 03/20/2018 - House: Bill text as passed House and Senate (HB222ER)
  • 03/20/2018 - House: Signed by Speaker
  • 03/21/2018 - House: Impact statement from TAX (HB222ER)
  • 03/22/2018 - Senate: Signed by President
  • 03/26/2018 - House: Enrolled Bill communicated to Governor on March 26, 2018
  • 03/26/2018 - Governor: Governor's Action Deadline Midnight, April 9, 2018
  • 04/09/2018 - Governor: Approved by Governor-Chapter 802 (effective 7/1/18)
  • 04/09/2018 - Governor: Acts of Assembly Chapter text (CHAP0802)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

See other bills related to: