Legislative Update- pending bills
Counting today, only 4 regular days left in the legislative session; this is the end of the two year session, so all bills die that don’t pass by next Thursday
PORT ENHANCEMENT ZONE
Tabled by W&M Committee last week.
JOB TAX CREDIT FOR AGRICULTURAL PACKAGING
Tabled by W&M; added to House bill in the Senate; bill received third reading in Senate; sent back to House for concurrence/non-concurrence.
Provides 80% property tax exemption for solar equipment; passed Senate and House W&M; on House Calendar. Needs two readings on separate legislative days
RETAIL REVITALIZATION ACT
House added Proviso to extend RVA, which sunsets this year; since the Proviso is in both the House and Senate versions of the budget very likely to pass
TEXTILE REVITALIZATION ACT
Bill which removes the 50% cap signed into law by the Governor.
JTC/JDCs FOR MROs
W&M added an amendment authorizing businesses with a NAICS code of Sector 4481, subsector 488190 to qualify for JTC/JDCs. Subsector 488190 includes other support activities for air transportation; examples: aircraft maintenance and support services (except factory conversions, overhauls, rebuilding) aircraft testing services.
COORDINATING COUNCIL FOR WORKFORCE DEVELOPMENT
Passed House and favorably voted out of Senate Education Committee; on Senate Calendar; House included $100,000 in budget for it.
Same in both House and Senate versions of budget so likely clinched.