Income tax, corporate; business facility job tax credit. (SB698)

Introduced By

Sen. Mary Margaret Whipple (D-Arlington)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Major business facility job tax credit. Provides that the state income tax credit for certain companies that create new jobs for qualified full-time employees shall apply when 25 or more new jobs are created in BRAC-impacted census tracts in the Commonwealth. Read the Bill »


Bill Has Failed


01/20/2006Presented and ordered printed 069840844
01/20/2006Referred to Committee on Finance
01/30/2006Fiscal impact statement from TAX (SB698)
02/01/2006Reported from Finance with substitute (15-Y 0-N)
02/02/2006Committee substitute printed 063970844-S1
02/02/2006Constitutional reading dispensed (40-Y 0-N)
02/02/2006VOTE: (40-Y 0-N)
02/03/2006Read second time
02/03/2006Reading of substitute waived
02/03/2006Committee substitute agreed to 063970844-S1
02/03/2006Engrossed by Senate - committee substitute SB698S1
02/06/2006Read third time and passed Senate (40-Y 0-N)
02/06/2006VOTE: (40-Y 0-N)
02/06/2006Communicated to House
02/13/2006Placed on Calendar
02/13/2006Read first time
02/13/2006Referred to Committee on Finance
02/16/2006Fiscal impact statement from TAX (SB698S1)
03/06/2006Left in Finance