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HB2387

Income tax, state; firearm safety device tax credit.

Status:
Enacted

Chief Patron:
Alfonso Lopez (D)

Session:
2023 Regular Session

Summary

As Passed Both Chambers. Firearm safety device tax credit.

Establishes a nonrefundable income tax credit for taxable years 2023 through 2027 for individuals who purchase one or more firearm safety devices, as defined in the bill, in an eligible transaction, as defined in the bill. An individual who properly claims this credit shall be allowed a credit in the amount of up to $300 for the cost incurred in such purchase. The aggregate amount of credits allowable under the provisions of the bill shall not exceed $5 million per taxable year. (Less)

  • Bill History

  • 01/16/2023 - House: Presented and ordered printed 23103758D
  • 01/16/2023 - House: Referred to Committee on Finance
  • 01/30/2023 - House: Assigned Finance sub: Subcommittee #2
  • 01/30/2023 - House: Impact statement from TAX (HB2387)
  • 01/31/2023 - House: House subcommittee amendments and substitutes offered
  • 01/31/2023 - House: Subcommittee recommends reporting with amendments (8-Y 0-N)
  • 02/01/2023 - House: Reported from Finance with amendment(s) (21-Y 1-N)
  • 02/01/2023 - House: Referred to Committee on Appropriations
  • 02/03/2023 - House: Reported from Appropriations with amendment(s) (21-Y 0-N)
  • 02/05/2023 - House: Read first time
  • 02/06/2023 - House: Read second time
  • 02/06/2023 - House: Committee on Finance amendment agreed to
  • 02/06/2023 - House: Committee on Appropriations amendment agreed to
  • 02/06/2023 - House: Engrossed by House as amended HB2387E
  • 02/06/2023 - House: Printed as engrossed 23103758D-E
  • 02/07/2023 - House: Read third time and passed House (98-Y 1-N)
  • 02/07/2023 - House: VOTE: Passage (98-Y 1-N)
  • 02/08/2023 - Senate: Constitutional reading dispensed
  • 02/08/2023 - Senate: Referred to Committee on the Judiciary
  • 02/11/2023 - House: Impact statement from TAX (HB2387E)
  • 02/13/2023 - Senate: Reported from Judiciary (15-Y 0-N)
  • 02/13/2023 - Senate: Rereferred to Finance and Appropriations
  • 02/14/2023 - Senate: Senate committee, floor amendments and substitutes offered
  • 02/14/2023 - Senate: Reported from Finance and Appropriations with substitute (16-Y 0-N)
  • 02/14/2023 - Senate: Committee substitute printed 23106728D-S1
  • 02/14/2023 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/15/2023 - Senate: Read third time
  • 02/15/2023 - Senate: Reading of substitute waived
  • 02/15/2023 - Senate: Committee substitute agreed to 23106728D-S1
  • 02/15/2023 - Senate: Engrossed by Senate - committee substitute HB2387S1
  • 02/15/2023 - Senate: Passed Senate with substitute (40-Y 0-N)
  • 02/15/2023 - House: Senate substitute agreed to by House 23106728D-S1 (91-Y 4-N 1-A)
  • 02/15/2023 - House: VOTE: Adoption (91-Y 4-N 1-A)
  • 02/20/2023 - House: Enrolled
  • 02/20/2023 - House: Bill text as passed House and Senate (HB2387ER)
  • 02/20/2023 - House: Signed by Speaker
  • 02/21/2023 - House: Impact statement from TAX (HB2387ER)
  • 02/21/2023 - Senate: Signed by President
  • 03/02/2023 - House: Enrolled Bill communicated to Governor on March 2, 2023
  • 03/02/2023 - Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
  • 03/22/2023 - Governor: Approved by Governor-Chapter 220 (effective 7/1/23)
  • 03/22/2023 - Governor: Acts of Assembly Chapter text (CHAP0220)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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