Small business job creation tax credit; creates credit for those creating new full-time jobs. (HB111)

Introduced By

Del. Dickie Bell (R-Staunton)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Small business job creation tax credit.  Creates an individual and corporate income tax credit beginning January 1, 2012, for small businesses creating new full-time jobs in the Commonwealth. The credit would equal $1,000 for each new job created. A small business would be allowed the credit for an aggregate of 50 jobs. The provisions of the bill would expire on January 1, 2015. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/30/2011Prefiled and ordered printed; offered 01/11/12 12101810D
12/30/2011Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #3
01/27/2012Impact statement from TAX (HB111)
02/06/2012Continued to 2013 in Finance
11/29/2012Left in Finance