2009 Regular Session


File Code: Taxes - Income Prior Year Introduction As: HB 599/08 - W&M Crossfiled with: HOUSE BILL 31
Sponsored By:
Senators Pugh, Conway, Kelley, and McFadden
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 after December 31, 2008; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
First Reading Budget and Taxation
Hearing 3/16 at 2:00 p.m.
House Action
No Action

Sponsored by:

Senator Catherine E. Pugh, District 40
Senator Joan Carter Conway, District 43
Senator Delores G. Kelley, District 10
Senator Nathaniel J. McFadden, District 45

Bill indexed under the following Subjects:

Commerce and Business -see also- Dealers; Elec. Comm.; 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