VA HB2191 | 2019 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 8 2019 - 25% progression, died in committee
Action: 2019-02-05 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 8 2019 - 25% progression, died in committee
Action: 2019-02-05 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Bank franchise tax credit for student loan refinancing. Provides a credit against the bank franchise tax starting in taxable year 2019 in the amount of 20 percent of a bank's student loan refinancing expenses. The bill defines eligible expenses to include the amount of principal forgiven by a bank plus the amount of interest reduced by refinancing. The credit is available only for expenses related to the refinancing of privately held loans but not loans held by the federal government.
Title
Bank franchise; tax credit for student loan refinancing.
Sponsors
| Del. Larry Rush [R] | Del. Marcia Price [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-05 | House | Left in Finance |
| 2019-01-18 | House | Assigned Finance sub: Subcommittee #1 |
| 2019-01-08 | House | Referred to Committee on Finance |
| 2019-01-08 | House | Prefiled and ordered printed; offered 01/09/19 19102808D |
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2191 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2191+hil |
