VA SB506 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on January 28 2016 - 50% progression, died in committee
Action: 2016-03-08 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

Waiver of tax penalties for small businesses. Waives any tax penalties related to taxes administered by the Department of Taxation for a small business during its first two years of operation as long as the business enters into an installment agreement with the Tax Commissioner for the payment of taxes. A small business is defined as an independently owned or operated business organized under Virginia law or with a principal place of business in Virginia and that has fewer than 10 employees.

Tracking Information

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Title

Small businesses; waiver of penalties related to taxes.

Sponsors


Roll Calls

2016-02-10 - Senate - Senate: Read third time and passed Senate (39-Y 1-N) (Y: 39 N: 1 NV: 0 Abs: 0) [PASS]
2016-01-27 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-26 - Senate - Senate: Reported from Finance with amendments (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2016-03-08HouseLeft in Finance
2016-02-12HouseReferred to Committee on Finance
2016-02-12HouseRead first time
2016-02-12HousePlaced on Calendar
2016-02-10SenateRead third time and passed Senate (39-Y 1-N)
2016-02-09SenatePassed by for the day
2016-02-08SenatePassed by for the day
2016-02-05SenatePassed by for the day
2016-02-04SenatePassed by for the day
2016-02-03SenatePassed by for the day
2016-02-02SenatePassed by for the day
2016-02-01SenatePassed by for the day
2016-01-29SenatePassed by for the day
2016-01-28SenatePrinted as engrossed 16101358D-E
2016-01-28SenateEngrossed by Senate as amended SB506E
2016-01-28SenateCommittee amendments agreed to
2016-01-28SenateReading of amendments waived
2016-01-28SenateRead second time
2016-01-27SenateConstitutional reading dispensed (40-Y 0-N)
2016-01-26SenateReported from Finance with amendments (11-Y 4-N)
2016-01-12SenateReferred to Committee on Finance
2016-01-12SenatePrefiled and ordered printed; offered 01/13/16 16101358D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
5811817.1(n/a)See Bill Text

Virginia State Sources


Bill Comments

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