Satellite office expenses tax credit; creates a $250,000 tax credit for certain businesses. (SB178)
Introduced By
Sen. Richard Stuart (R-Westmoreland)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Satellite office expenses tax credit. Creates a $250,000 tax credit for a business that opens a satellite office or operation in a Virginia locality that reduces the commute of at least 10 current employees to five miles or less. The capital investment made by the corporation to establish the satellite office or operation must be at least $250,000. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/10/2012 | Prefiled and ordered printed; offered 01/11/12 |
| 01/10/2012 | Prefiled and ordered printed; offered 01/11/12 12103260D |
| 01/10/2012 | Referred to Committee on Finance |
| 02/02/2012 | Impact statement from TAX (SB178) |
| 02/08/2012 | Continued to 2013 in Finance (15-Y 0-N) (see vote tally) |