Income tax, state; small business investment tax credit. (HB2)
Introduced By
Del. Manoli Loupassi (R-Richmond)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; small business investment tax credit. Provides a tax credit equal to 10% of the eligible investments made by small business taxpayers in personal property and real estate improvements used in the business. The investments must be made beginning July 1, 2010, but before July 1, 2011, and the minimum amount must be $10,000 in order to qualify for the credit. For purposes of the credit, a business qualifies as small if it has 500 or fewer employees. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
11/16/2009 | Prefiled and ordered printed; offered 01/13/10 10100394D |
11/16/2009 | Referred to Committee on Finance |
01/24/2010 | Impact statement from TAX (HB2) |
01/25/2010 | Assigned Finance sub: #3 |
02/09/2010 | Subcommittee recommends continuing to 2011 |
02/10/2010 | Continued to 2011 in Finance |
12/03/2010 | Left in Finance |