Fabio
95 lines
4.9 KiB
Markdown
95 lines
4.9 KiB
Markdown
---
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type: "Bill"
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title: "Research and development expenses; tax credit available against the bank franchise tax."
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description: "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."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2021"
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identifier: "SB 1112"
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citation: "Virginia SB 1112 (2021)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Mamie E. Locke"]
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version_count: 4
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action_count: 29
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vote_count: 6
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first_action: "2020-12-15"
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last_action: "2021-03-11"
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source: "openstates"
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source_identifier: "ocd-bill/1ccf841b-1ed9-4afd-8bd1-b680c9b9d1e5"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+SB1112"
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source_hash: "057fd08894eb99f5f263da54e3639d19e3f143d42611cd6a920dc2a605f825eb"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 1112 (2021) — Research and development expenses; tax credit available against the bank franchise tax.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **CHAP0048** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0048)
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2. **Prefiled and ordered printed; offered 01/13/21 21101371D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1112)
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3. **Printed as engrossed 21101371D-E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1112E)
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4. **SB1112ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1112ER)
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## Votes
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- Continued to Special Session 1 in Finance — **0–0** (fail) · lower
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- VOTE: Block Vote Passage (100-Y 0-N) — **99–0** (pass) · lower
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- Reported from Finance (21-Y 0-N) — **21–0** (pass) · lower
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- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
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- Read third time and passed Senate (39-Y 0-N) — **39–0** (pass) · upper
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- Reported from Finance and Appropriations with amendments (15-Y 0-N) — **15–0** (pass) · upper
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## Sponsors
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- Mamie E. Locke — primary (person)
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- L. Louise Lucas — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-12-15** Prefiled and ordered printed; offered 01/13/21 21101371D `introduction`
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- **2020-12-15** Referred to Committee on Finance and Appropriations `referral-committee`
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- **2021-01-18** Impact statement from TAX (SB1112)
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- **2021-01-20** Senate committee, floor amendments and substitutes offered
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- **2021-01-20** Reported from Finance and Appropriations with amendments (15-Y 0-N) `committee-passage`
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- **2021-01-21** Constitutional reading dispensed (39-Y 0-N)
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- **2021-01-22** Read second time `reading-2`
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- **2021-01-22** Reading of amendments waived
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- **2021-01-22** Committee amendments agreed to
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- **2021-01-22** Engrossed by Senate as amended SB1112E
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- **2021-01-22** Printed as engrossed 21101371D-E
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- **2021-01-25** Read third time and passed Senate (39-Y 0-N) `passage, reading-3`
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- **2021-02-02** Placed on Calendar
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- **2021-02-02** Read first time `reading-1`
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- **2021-02-02** Referred to Committee on Finance `referral-committee`
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- **2021-02-08** Continued to Special Session 1 in Finance
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- **2021-02-09** Impact statement from TAX (SB1112E)
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- **2021-02-10** Reported from Finance (21-Y 0-N) `committee-passage`
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- **2021-02-12** Read second time `reading-2`
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- **2021-02-15** Read third time `reading-3`
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- **2021-02-15** Passed House BLOCK VOTE (100-Y 0-N) `passage`
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- **2021-02-15** VOTE: Block Vote Passage (100-Y 0-N)
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- **2021-02-17** Enrolled
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- **2021-02-17** Signed by President
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- **2021-02-18** Signed by Speaker
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- **2021-02-22** Enrolled Bill Communicated to Governor on February 22, 2021
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- **2021-02-22** Governor's Action Deadline 11:59 p.m., March 31, 2021
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- **2021-03-01** Impact statement from TAX (SB1112ER)
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- **2021-03-11** Approved by Governor-Chapter 48 (effective 7/1/21) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1ccf841b-1ed9-4afd-8bd1-b680c9b9d1e5`. Confidence: reported (aggregated from official Virginia legislature records).
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