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2004 SESSION

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SB 411 Income tax, corporate; Tiered Incentive Prog. created to provide tax cred. in distr. local., report.

Introduced by: Frank M. Ruff | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Tiered Incentive Program. Establishes a program for providing corporate income tax credits for creation of jobs in economically distressed localities. The amount of the credit will be based on factors such as median household income and rates of unemployment. The Tax Commissioner shall promulgate regulations that are necessary or desirable to carry out the provisions of the act. This bill is a recommendation of the Rural Virginia Prosperity Commission.

FULL TEXT

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/14/04 041969376  pdf | impact statement

HISTORY

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/14/04 041969376
• 01/14/04  Senate: Referred to Committee on Finance
• 02/17/04  Senate: Left in Finance