Major business facility job tax credit; extends sunset date. (HB2003)

Introduced By

Del. Lashrecse D. Aird (D-Petersburg)

Progress

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

Description

Major business facility job tax credit; extension; access to information. Extends the sunset date of the major business facility job tax credit from January 1, 2020, to January 1, 2025. The bill also requires the Department of Taxation, for taxable years beginning on and after January 1, 2019, to publish the following information about companies that are using the credit: (i) locations of sites used for major business facilities for which a credit was claimed, (ii) North American Industry Classification System codes used for the major business facilities for which a credit was claimed, (iii) number of qualified full time employees for whom a credit was claimed, and (iv) total cost to the Commonwealth's general fund of the credits claimed. Amends § 58.1-439, of the Code of Virginia. Read the Bill »

Status

01/16/2019: Awaiting a Vote in the Finance Committee

History

DateAction
01/07/2019Committee
01/07/2019Prefiled and ordered printed; offered 01/09/19 19102073D
01/07/2019Referred to Committee on Finance
01/11/2019Assigned Finance sub: Subcommittee #1
01/15/2019Impact statement from TAX (HB2003)
01/16/2019House subcommittee amendments and substitutes offered
01/16/2019Subcommittee recommends reporting with amendments (8-Y 2-N)

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