Income tax, corporate; Renewable Energy Job Creation tax credit. (HB268)
Introduced By
Del. David Englin (D-Alexandria)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; Renewable Energy Job Creation tax credit. Provides an income tax credit to corporations for each "Renewable Energy Job" created and filled. The amount of the credit for each such job is (i) two percent of each salary that is less than $50,000 a year, and (ii) $1,000 for each salary of $50,000 and more a year. A Renewable Energy Job is employment in an industry related to renewable alternative energies. The credit is available for taxable years beginning on or after January 1, 2010, but before January 1, 2015. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/11/2010 | Committee |
| 01/11/2010 | Prefiled and ordered printed; offered 01/13/10 10100771D |
| 01/11/2010 | Referred to Committee on Finance |
| 01/17/2010 | Impact statement from TAX (HB268) |
| 01/19/2010 | Assigned Finance sub: #3 |
| 01/25/2010 | Assigned Finance sub: #3 |
| 01/29/2010 | Subcommittee recommends incorporating (HB803-Poindexter) (4-Y 0-N) |
| 02/10/2010 | Incorporated by Finance (HB803-Poindexter) |
| 02/16/2010 | Left in Finance |