Businesses, beginning; tax incentives. (HB1831)

Introduced By

Del. Scott Lingamfelter (R-Woodbridge)

Progress

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

Description

Tax incentives for beginning businesses. Exempts beginning businesses owned by disabled veterans with service-connected disabilities from certain fees imposed by the State Corporation Commission (SCC) and exempts all beginning businesses from the local business license tax. The bill also establishes state tax credits for beginning businesses for local personal property taxes paid by such businesses.

The exemptions and tax credits would apply up through the first two full years that the business is in operation in the Commonwealth. The SCC fee exemptions and the business license tax exemption would only apply to businesses beginning operations on or after July 1, 2013, while the state tax credits would apply to businesses beginning operations on or after January 1, 2013. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2013Committee
01/08/2013Prefiled and ordered printed; offered 01/09/13 13103296D
01/08/2013Referred to Committee on Finance
01/14/2013Assigned Finance sub: #3
01/24/2013Impact statement from TAX (HB1831)
01/25/2013Subcommittee recommends laying on the table (4-Y 1-N)
02/05/2013Left in Finance