Sunday, September 7, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB3165: Income tax, corporate; higher education research and development tax credit.
Chief Patron
Del.
Brian Moran (D-46)
Brian Moran
(D-46)
Alexandria, VA
Served: 1996–
Progress
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Introduced |
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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
Corporate income tax; higher education research and development tax credit. Allows corporations that invest in research and development programs in Virginia's institutions of higher education a tax credit in the amount of 20 percent of such investments, effective for taxable years beginning on or after January 1, 2008. The annual total credit per taxpayer is limited to $100,000, and the total amount of credits that may be granted annually by the Department of Taxation is $20 million.
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Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
