Income tax, corporate; rate reduction for small businesses. (HB896)

Introduced By

Del. Barbara Comstock (R-McLean)

Progress

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

Description

Corporate income tax; rate reduction for small businesses.  Reduces the corporate income tax rate from six percent to 5.4 percent for small businesses, which are businesses defined as having 250 or fewer employees. The bill also requires the Governor to appoint a special Small Business Job Growth Commission to identify and make recommendations to remove state barriers for business formation and investment by November 1, 2010. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2010Committee
01/13/2010Prefiled and ordered printed; offered 01/13/10 10102385D
01/13/2010Referred to Committee on Finance
01/17/2010Impact statement from TAX (HB896)
01/18/2010Assigned Finance sub: #3
01/25/2010Assigned Finance sub: #3
02/09/2010Subcommittee recommends incorporating (HB860-Cline)
02/10/2010Incorporated by Finance (HB680-May)
02/16/2010Left in Finance

Duplicate Bills

The following bills are identical to this one: SB421.