Small businesses; tax credit for those hiring graduates of Virginia's colleges and universities. (HB191)

Introduced By

Del. Charniele Herring (D-Alexandria)

Progress

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

Description

Tax credit for small businesses hiring graduates of Virginia's colleges.  Creates, beginning January 1, 2012, 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 in-state institutions of higher education. 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 2014. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2012Prefiled and ordered printed; offered 01/11/12 12102260D
01/09/2012Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #3
02/02/2012Impact statement from TAX (HB191)
02/06/2012Continued to 2013 in Finance
11/29/2012Left in Finance