2008 Regular Session


File Code: Taxes - Income
Sponsored By:
Delegates Taylor, Anderson, Barve, Cane, Frush, Haynes, Howard, Ivey, Jones, Manno, Morhaim, Proctor, Stukes, and Vaughn
Income Tax - Subtraction Modification - Creation of a Minority Business Enterprise


Providing a subtraction modification under the State income tax for income from specified sales that result in the creation of specified minority business enterprises; providing for the recapture of the subtraction modification under specified circumstances; defining terms; applying the Act to taxable years beginning December 31, 2007; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
First Reading Ways and Means
Hearing 2/21 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Herman L. Taylor, Jr., District 14
Delegate Curt Anderson, District 43
Delegate Kumar P. Barve, District 17
Delegate Rudolph C. Cane, District 37A
Delegate Barbara Frush, District 21
Delegate Keith E. Haynes, District 44
Delegate Carolyn J. B. Howard, District 24
Delegate Jolene Ivey, District 47
Delegate Adrienne A. Jones, District 10
Delegate Roger P. Manno, District 19
Delegate Dan K. Morhaim, District 11
Delegate James E. Proctor, Jr., District 27A
Delegate Melvin L. Stukes, District 44
Delegate Michael L. Vaughn, District 24

Bill indexed under the following Subjects:

Commerce and Business -see also- Dealers; Traders; etc
Income Tax
Mergers and Acquisitions
Minorities -see also- Women
Small Business

Bill affects the following Statutes:

Tax - General
( 10-205 , 10-205 , 10-207 , 10-207 , 10-306 , 10-306 , 10-307 , 10-307 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered