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)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Status
02/03/2010: Merged into SB472
History
| Date | Action |
|---|---|
| 01/22/2010 | Presented and ordered printed 10104165D |
| 01/22/2010 | Referred to Committee on Finance |
| 02/02/2010 | Impact statement from TAX (SB693) |
| 02/03/2010 | Incorporated by Finance (SB472-Watkins) (15-Y 0-N) (see vote tally) |