Income tax, state; worker retraining tax credit. (HB1761)

Introduced By

Del. Bob Purkey (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; worker retraining tax credit. Increases from 30% to 65% the percentage of the expenditures spent for worker retraining that an employer may take as an income tax credit. It also raises the maximum amount of credit per qualified employee from $100 to $1000. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/27/2006Committee
12/27/2006Prefiled and ordered printed; offered 01/10/07 075069472
12/27/2006Referred to Committee on Finance
01/10/2007Assigned Finance sub: #1 (Orrock)
01/17/2007Impact statement from TAX (HB1761)