Small businesses; tax credit for hiring graduates of Virginia's public colleges and universities. (HB1303)
Introduced By
Del. Charniele Herring (D-Alexandria) with support from co-patron Del. Lionell Spruill (D-Chesapeake)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Tax credit for small businesses hiring graduates of Virginia's public colleges. Establishes, beginning January 1, 2013, an individual and corporate income tax credit for certain small businesses creating new full-time jobs that are filled by persons holding associate's or bachelor's degrees from public institutions of higher education in the Commonwealth. The credit would equal $2,500 for each such new full-time job. The credit would be claimed for the taxable year at which time the new full-time job was continuously filled for at least 12 months. Any unused credit would be allowed to be carried over for five taxable years. The tax credit would sunset in 2015. View Full Text »
Outcome
History
- 07/18/2012 Prefiled and ordered printed; offered 01/09/13 13100114D
- 07/18/2012 Referred to Committee on Finance
- 01/09/2013 Impact statement from TAX (HB1303)
- 01/14/2013 Assigned Finance sub: #3
- 01/25/2013 Subcommittee recommends laying on the table (5-Y 0-N)
- 02/05/2013 Left in Finance
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