Income tax, state; job creation tax credit. (HB237)

Introduced By

Progress

√	Introduced
X	Passed Committee
☐	Passed House
☐	Passed Senate
☐	Signed by Governor
☐	Became Law

Description

Income tax; job creation tax credit. Provides an income tax credit to sole proprietors, partners in a partnership and members of a limited liability company when they create and fill at least 10 new positions in the Commonwealth beginning on and after January 1, 2010. The amount of the credit is 10 percent of the Virginia gross income of the entity creating the jobs and may only be taken when the new jobs have been filled for at least 24 consecutive months. View Full Text »

Outcome

Bill Has Failed

View Bill's History

Poll Results

No Richmond Sunlight visitors voted on this bill while voting was open.

Bill Text

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