Wednesday, October 8, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB2803: Retail Sales and Use Tax; exemptions include certain wireless & broadband equipment.
Chief Patron
Del.
Kathy Byron (R-22)
Kathy Byron
(R-22)
Lynchburg, VA
Served: 1998–
Progress
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Introduced |
 |
Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Income tax and sales and use tax; tax preferences for certain telecommunications service providers. Creates an income tax credit and sales and use tax exemption for wireless and broadband equipment purchased by telecommunications providers for use within rural areas of the Commonwealth. The income tax credit is equal to 30% of all expenditures for wireless and broadband equipment used in providing telecommunications services in the rural areas of the Commonwealth. There is a $1 million cap on the total amount of income tax credits that may be allowed in any tax year. Both preferences are effective in 2007.
View Full Text »Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
