Income tax, corporate; reduction of rate for up to three years for certain small businesses. (HB94)

Introduced By

Del. Dickie Bell (R-Staunton)

Progress

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

Description

Corporate income tax; small business reduced rate.  Allows a reduction of one percent in the corporate income tax rate for up to three years for certain small businesses that increase the number of their full-time employees by a minimum of five percent over the previous year. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/05/2010Committee
01/05/2010Prefiled and ordered printed; offered 01/13/10 10101933D
01/05/2010Referred to Committee on Finance
01/19/2010Assigned Finance sub: #2
01/24/2010Impact statement from TAX (HB94)
01/27/2010Subcommittee recommends continuing to 2011 (8-Y 1-N)
02/01/2010Continued to 2011 in Finance