Small business job creation tax credit; creates credit for those creating new full-time jobs. (HB111)
Introduced By
Progress
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Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Small business job creation tax credit. Creates an individual and corporate income tax credit beginning January 1, 2012, for small businesses creating new full-time jobs in the Commonwealth. The credit would equal $1,000 for each new job created. A small business would be allowed the credit for an aggregate of 50 jobs. The provisions of the bill would expire on January 1, 2015. View Full Text »
Outcome
Bill Has Failed
History
- 12/30/2011 Prefiled and ordered printed; offered 01/11/12 12101810D
- 12/30/2011 Referred to Committee on Finance
- 01/12/2012 Assigned Finance sub: Subcommittee #3
- 01/27/2012 Impact statement from TAX (HB111)
- 02/06/2012 Continued to 2013 in Finance
- 11/29/2012 Left in Finance
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