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HB1916

Research and development tax credits.

Status:
Passed

Chief Patron:
Martha Mugler (D)

Session:
2021 Regular Session

Summary

As Passed House of Origin. Research and development tax credits.

Provides that the research and development expenses tax credit and the major research and development expenses tax credit shall be available against the bank franchise tax for taxable years beginning on and after January 1, 2021. Under current law, the credits are available only against the individual and corporate income tax. (Less)

  • Bill History

  • 01/10/2021 - House: Prefiled and ordered printed; offered 01/13/21 21101909D
  • 01/10/2021 - House: Referred to Committee on Finance
  • 01/14/2021 - House: Impact statement from TAX (HB1916)
  • 01/16/2021 - House: Assigned Finance sub: Subcommittee #2
  • 01/19/2021 - House: Subcommittee recommends reporting (11-Y 0-N)
  • 01/20/2021 - House: Reported from Finance (22-Y 0-N)
  • 01/21/2021 - House: Read first time
  • 01/22/2021 - House: Read second time and engrossed
  • 01/25/2021 - House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
  • 01/25/2021 - House: VOTE: Block Vote Passage (100-Y 0-N)
  • 01/26/2021 - Senate: Constitutional reading dispensed
  • 01/26/2021 - Senate: Referred to Committee on Finance and Appropriations
  • 02/05/2021 - Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
  • 02/16/2021 - Senate: Reported from Finance and Appropriations (13-Y 0-N)
  • 02/16/2021 - Senate: Constitutional reading dispensed (37-Y 0-N)
  • 02/17/2021 - Senate: Read third time
  • 02/17/2021 - Senate: Passed Senate (38-Y 1-N)
  • 02/22/2021 - House: Enrolled
  • 02/22/2021 - House: Bill text as passed House and Senate (HB1916ER)
  • 02/22/2021 - Senate: Signed by President
  • 02/24/2021 - House: Impact statement from TAX (HB1916ER)
  • 02/24/2021 - House: Signed by Speaker
  • 02/25/2021 - House: Enrolled Bill communicated to Governor on February 25, 2021
  • 02/25/2021 - Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
  • 03/11/2021 - Governor: Approved by Governor-Chapter 47 (effective 7/1/21)
  • 03/11/2021 - Governor: Acts of Assembly Chapter text (CHAP0047)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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