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2007 SESSION

• | print version

HB 2803 Retail Sales and Use Tax; exemptions include certain wireless & broadband equipment.

Introduced by: Kathy J. Byron | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax and sales and use tax; tax preferences for certain telecommunications service providers.  Creates an income tax credit and sales and use tax exemption for wireless and broadband equipment purchased by telecommunications providers for use within rural areas of the Commonwealth. The income tax credit is equal to 30% of all expenditures for wireless and broadband equipment used in providing telecommunications services in the rural areas of the Commonwealth. There is a $1 million cap on the total amount of income tax credits that may be allowed in any tax year. Both preferences are effective in 2007.

FULL TEXT

• 01/10/07  House: Prefiled and ordered printed; offered 01/10/07 071305256  pdf | impact statement

HISTORY

• 01/10/07  House: Prefiled and ordered printed; offered 01/10/07 071305256
• 01/10/07  House: Referred to Committee on Finance
• 01/18/07  House: Assigned Finance sub: #1 (Orrock)
• 02/06/07  House: Left in Finance