Income tax, corporate; small business reduced rate. (HB1410)

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-half of one percent in the corporate income tax rate for up to three years for certain small businesses that increase the number of their employees by a minimum of five percent over the previous year, for taxable years beginning on and after January 1, 2012. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
09/13/2010Committee
09/13/2010Prefiled and ordered printed; offered 01/12/11 11100132D
09/13/2010Referred to Committee on Finance
01/17/2011Assigned Finance sub: #1
01/25/2011Impact statement from TAX (HB1410)
01/26/2011Subcommittee recommends laying on the table
02/08/2011Left in Finance