Major business facility job tax credit; reduces threshold amount of jobs that must be created. (SB693)

Introduced By

Sen. Jeff McWaters (R-Virginia Beach) with support from 6 copatrons, whose average partisan position is:

Those copatrons are Sen. Robert Hurt (R-Chatham), Sen. Ryan McDougle (R-Mechanicsville), Sen. Tommy Norment (R-Williamsburg), Sen. Jill Holtzman Vogel (R-Winchester), Sen. Frank Wagner (R-Virginia Beach), Sen. William Wampler (R-Bristol)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Major business facility job tax credit.  Reduces the threshold amount of jobs that must be created for the major business facility job tax credit to 25 jobs, regardless of the area in which the business is located. Increases the tax credit from $1,000 to $10,000, to be taken over 5 years.  This bill also makes a technical amendment to 2.2-4309 of the Code of Virginia. Read the Bill »


02/03/2010: Merged into SB472


01/22/2010Presented and ordered printed 10104165D
01/22/2010Referred to Committee on Finance
02/02/2010Impact statement from TAX (SB693)
02/03/2010Incorporated by Finance (SB472-Watkins) (15-Y 0-N) (see vote tally)