Small businesses; tax credit for hiring graduates of Virginia's public colleges and universities. (HB1303)

Introduced By

Del. Charniele Herring (D-Alexandria) with support from co-patron Sen. Lionell Spruill (D-Chesapeake)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Tax credit for small businesses hiring graduates of Virginia's public colleges. Establishes, beginning January 1, 2013, an individual and corporate income tax credit for certain small businesses creating new full-time jobs that are filled by persons holding associate's or bachelor's degrees from public institutions of higher education in the Commonwealth. The credit would equal $2,500 for each such new full-time job. The credit would be claimed for the taxable year at which time the new full-time job was continuously filled for at least 12 months. Any unused credit would be allowed to be carried over for five taxable years. The tax credit would sunset in 2015. Read the Bill »


Bill Has Failed


07/18/2012Prefiled and ordered printed; offered 01/09/13 13100114D
07/18/2012Referred to Committee on Finance
01/09/2013Impact statement from TAX (HB1303)
01/14/2013Assigned Finance sub: #3
01/25/2013Subcommittee recommends laying on the table (5-Y 0-N)
02/05/2013Left in Finance