Satellite office expenses tax credit; creates a $250,000 tax credit for certain businesses. (SB178)

Introduced By

Sen. Richard Stuart (R-Westmoreland)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/10/2012Prefiled and ordered printed; offered 01/11/12
01/10/2012Prefiled and ordered printed; offered 01/11/12 12103260D
01/10/2012Referred to Committee on Finance
02/02/2012Impact statement from TAX (SB178)
02/08/2012Continued to 2013 in Finance (15-Y 0-N) (see vote tally)