HB 1916 Virginia House of Delegates · 2021 Regular Session

Research and development expenses; tax credit available against the bank franchise tax.

Summary

Research and development tax credits. Provides that the research and development expenses tax credit and the major research and development expenses tax credit shall be available against the bank franchise tax for taxable years beginning on and after January 1, 2021. Under current law, the credits are available only against the individual and corporate income tax.

Bill status signed all 5 stages cleared

Introduction

Jan 2021

Committee Review

Feb 2021

House of Delegates Passage

Jan 2021

Senate Passage

Feb 2021

Signed into Law

Mar 2021

Introduced Jan 10, 2021 Signed Mar 11, 2021

Floor votes · Senate Feb 17, 2021 · House of Delegates Jan 25, 2021

How they voted

32–1

Passed

Total votes 33

Feb 17, 2021

D Democratic17

17 Yea

100% Yea

R Republican16

15 Yea 1 Nay

93% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 11, 2021

Signed into law

Approved by Governor-Chapter 47 (effective 7/1/21)

executive

Feb 17, 2021

Upper · Passed

Passed Senate (38-Y 1-N)

upper

Feb 16, 2021

Upper · Passed

Reported from Finance and Appropriations (13-Y 0-N)

upper

Jan 26, 2021

Committee

Referred to Committee on Finance and Appropriations

upper

Jan 25, 2021

Lower · Passed

Read third time and passed House BLOCK VOTE (100-Y 0-N)

lower

Jan 20, 2021

Lower · Passed

Reported from Finance (22-Y 0-N)

lower

Jan 19, 2021

Lower · Passed

Subcommittee recommends reporting (11-Y 0-N)

lower

Jan 16, 2021

Committee

Assigned Finance sub: Subcommittee #2

lower

Jan 10, 2021

Committee

Referred to Committee on Finance

lower

Jan 10, 2021

Introduced

Prefiled and ordered printed; offered 01/13/21 21101909D

lower

1 primary · 7 co-sponsors