Small businesses, new; state and local tax and regulatory exemptions. (HB471)

Introduced By

Del. David Reid (D-Loudoun)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


State and local tax and regulatory exemptions for new small businesses. Exempts new small businesses from (i) payment of unemployment, sales and use, and local license taxes and (ii) certain registration and reporting requirements with the State Corporation Commission. The bill defines an eligible business as any business that has its principal place of business in the Commonwealth, has not been in existence for more than five years, and has fewer than six employees or has paid less than $5,000 for the purchase or lease of business personal property, including machinery and tools and merchants' capital, since its inception. Read the Bill »


Bill Has Failed


01/07/2018Prefiled and ordered printed; offered 01/10/18 18103342D
01/07/2018Referred to Committee on Commerce and Labor
01/17/2018Assigned C & L sub: Subcommittee #1
01/24/2018Impact statement from SCC (HB471)
01/25/2018Subcommittee recommends reporting with amendments
01/25/2018Subcommittee recommends referring to Committee on Finance
01/30/2018Referred from Commerce and Labor
01/30/2018Referred to Committee on Finance
02/01/2018Assigned Finance sub: Subcommittee #3
02/02/2018Subcommittee recommends passing by indefinitely (5-Y 3-N)
02/13/2018Left in Finance