Major business facility job tax credit; reduces number of employees required in new jobs to qualify. (HB1091)

Introduced By

Del. Anne Crockett-Stark (R-Wytheville) with support from co-patron Del. Dave Nutter (R-Christiansburg)

Progress

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

Description

Major business facility job tax credit.  Lowers from 50 to 25 the threshold number of employees of a major business facility in an enterprise zone or distressed area for the facility to qualify for tax credits for newly created jobs. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2010Committee
01/13/2010Prefiled and ordered printed; offered 01/13/10 10101633D
01/13/2010Referred to Committee on Finance
01/18/2010Assigned Finance sub: #3
01/20/2010Impact statement from TAX (HB1091)
01/25/2010Assigned Finance sub: #3
02/09/2010Subcommittee recommends incorporating (HB624-Kilgore)
02/10/2010Incorporated by Finance (HB624-Kilgore)
02/16/2010Left in Finance

Comments

Virginia ITSP Association, tracking this bill in Photosynthesis, notes:

Finance, Technology - Funding