Income tax, state and corporate; credit for employers of G3 Program or cybersecurity graduates. (HB442)

Introduced By

Del. Kathleen Murphy (D-McLean) with support from 8 copatrons, whose average partisan position is:

Those copatrons are Del. Jeff Campbell (R-Marion), Del. Nadarius Clark (D-Portsmouth), Del. Kelly Fowler (D-Virginia Beach), Del. Kaye Kory (D-Falls Church), Del. Sam Rasoul (D-Roanoke), Irene Shin (D-Herndon), Del. Marcus Simon (D-Falls Church), Del. Suhas Subramanyam (D-Sterling)

Progress

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

Description

Income tax credit; employers of G3 Program or cybersecurity graduates. Creates a nonrefundable individual and corporate income tax credit for employers that hire eligible employees who are (i) graduates of the Get Skilled, Get a Job, Give Back Program (G3 Program) or (ii) graduates with a degree in cybersecurity from a Virginia four-year institution of higher education. The credit is available for taxable years 2022 through 2026, is equal to $1,000 per eligible employee hired during the taxable year who works in a full-time position, and includes an aggregate annual cap of $5 million. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101230D
01/11/2022Referred to Committee on Finance
01/20/2022Assigned Finance sub: Subcommittee #1
01/23/2022Impact statement from TAX (HB442)
01/24/2022House subcommittee amendments and substitutes offered
01/24/2022Subcommittee failed to recommend reporting (3-Y 5-N)
02/15/2022Left in Finance

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