Major business facility job tax credit; reduces number of employees required in new jobs to qualify. (SB481)

Introduced By

Sen. Robert Hurt (R-Chatham) with support from co-patrons Del. Tommy Wright (R-Victoria), Sen. Steve Martin (R-Chesterfield), Sen. Jeff McWaters (R-Virginia Beach), Sen. Frank Ruff (R-Clarksville), and Sen. Jill Holtzman Vogel (R-Winchester)

Progress

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

Description

Major business facility job tax credit.  Reduces from 50 to 25 the threshold amount of jobs that must be created in an enterprise zone or an economically distressed area for eligibility for the major business facility job tax credit. Read the Bill »

Status

02/03/2010: Merged into SB472

History

DateAction
01/13/2010Prefiled and ordered printed; offered 01/13/10 10102428D
01/13/2010Referred to Committee on Finance
01/20/2010Impact statement from TAX (SB481)
02/03/2010Incorporated by Finance (SB472-Watkins) (15-Y 0-N) (see vote tally)