"Like" Me on Facebook The most up-to-date information can be found here Click Here to "Like" We have officially crossed the halfway point of the 2012 General Assembly Session, and the House has completed action on all House bills and begun to take action on the 403 bills that passed out of the Senate. On the other side, the Senate has begun to take action on the 603 bills that passed the House. $3.0 Million Allocated for Jefferson Lab We recently learned that the $3,000,000 Mike requested for additional Jefferson Lab funding will be included in the House of Delegates budget. This funding is vital for upgrades to the Free Electron Laser at Jefferson Lab, and has the potential to generate additional revenue and jobs. Although the budget process is still in its infancy, inclusion of our budget amendment into the House budget is an important first step, and a good sign. More details about this budget amendment will follow. Delegate Watson Passes House Bill 581 This week, Mike’s first bill passed through the Senate. House Bill 581, which clarifies the current tax code to ensure that tourism projects receive the tax revenue promised to them, passed unanimously through the Senate. This commonsense measure will now go before the Governor to be signed into law. Once signed, it will take effect on July 1 of this year. Second Telephone Town Hall We hosted our second telephone town hall this past Thursday. Over 3,000 citizens of the 93rd District joined us to discuss important issues facing our region, including economic development, education, and transportation. These events are important because they allow Mike to discuss issues in-depth, and allow Mike to receive valuable feedback from constituents. Although time constraints prevented us from answering every question, we encourage anyone with any thoughts, questions, or concerns to email Mike at DelMWatson@house.virginia.gov, or to call Mike at (757) 645-5298. Information about legislation on which Mike is working can also be found at www.DelegateWatson.com. Additionally, you can track the status of legislation at http://lis.virginia.gov/. Delegate Watson Speaks For House Bill 512 This past week, Mike spoke on the floor in favor of House Bill 512, which would classify machinery and tools purchased after July 1, 2012 as intangible personal property. This bill would therefore prevent machinery and tools purchased after July 1 from machinery and tools taxes implemented by localities for the first three years they were in service. This bill would provide an incentive for businesses to expand to Virginia, and Delegate Watson spoke in favor of this economic development legislation on the floor of the House. The video of this speech may be viewed on our website www.DelegateWatson.com. This measure was greeted by stiff opposition from several localities who depend on the revenue from the machine and tools tax. This measure would not remove any current revenue from localities, but would provide an exemption from this tax for new equipment to incentivize businesses. Ultimately, we are confident that the jobs created by this measure, as well as all ancillary revenue generated, would more than make up for any initial revenue lost by localities. This measure failed to pass the House of Delegates. |
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