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2001 SESSION

• | print version

HB 2301 Major business facility job tax credit.

Introduced by: Kristen J. Amundson | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Major business facility job tax credit. Reduces the threshold amount of qualified full-time jobs under § 58.1-439. To qualify for the major business facility job tax credit under § 58.1-439, the newly established or expanding company generally must create at least 100 new full-time jobs. For taxable years beginning on and after January 1, 2001, the bill would reduce this threshold amount to 50; if the company is located in an economically distressed area or in an enterprise zone, the bill would further reduce the threshold amount to 25; and if the company is engaged in providing information technology services, the bill would reduce the threshold amount to 20.

FULL TEXT

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 018107610  pdf | impact statement

HISTORY

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 018107610
• 01/10/01  House: Referred to Committee on Finance
• 01/18/01  House: Assigned to Finance sub-committee: 1
• 01/31/01  House: Tabled in Finance (22-Y 1-N)