Income tax, corporate; reduction of rate for up to three years for certain small businesses. (HB94)
Introduced By
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; small business reduced rate. Allows a reduction of one percent in the corporate income tax rate for up to three years for certain small businesses that increase the number of their full-time employees by a minimum of five percent over the previous year. Amends § 58.1-400 (“Imposition of tax.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
View Bill's History
