Worker retraining and career pathway tax credit; modification of credit. (HB508)

Introduced By

Del. David Yancey (R-Newport News)

Progress

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

Description

Worker retraining and career pathway tax credit. Modifies the worker retraining tax credit by allowing credit to manufacturers conducting a manufacturing orientation, instruction, and training program to students in grades six through 12. The credit will equal 35 percent of the manufacturer's direct costs in providing the program, not to exceed $2,000 for any year. In order for credit to be allowed, the program must (i) provide manufacturing orientation, instruction, and training solely to students in grades six through 12, (ii) be coordinated with the local school division and determined to qualify for tax credit by the Department of Small Business and Supplier Diversity, and (iii) be conducted during school hours at a plant or facility used by the manufacturer. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2016Committee
01/08/2016Prefiled and ordered printed; offered 01/13/16 16101759D
01/08/2016Referred to Committee on Finance
02/01/2016Impact statement from TAX (HB508)
02/04/2016Assigned to sub: Subcommittee #3
02/04/2016Assigned Finance sub: Subcommittee #3
02/05/2016Subcommittee recommends laying on the table
02/17/2016Left in Finance