Income tax, corporate; extends sunset date of major business facility job tax credit. (HB2575)

Introduced By

Del. Lacey Putney (I-Bedford) with support from 18 copatrons, whose average partisan position is:

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

Description

Corporate income tax; major business facility job tax credit. Extends the sunset date of the major business facility job tax credit from January 1, 2010, to January 1, 2020, and allows the credit to be taken over a two-year period rather than a three-year period for taxable years beginning January 1, 2009, through December 31, 2010. Amends § 58.1-439 (“Major business facility job tax credit.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History