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2007 SESSION

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HB 3165 Income tax, corporate; higher education research and development tax credit.

Introduced by: Brian J. Moran | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate income tax; higher education research and development tax credit.  Allows corporations that invest in research and development programs in Virginia's institutions of higher education a tax credit in the amount of 20 percent of such investments, effective for taxable years beginning on or after January 1, 2008. The annual total credit per taxpayer is limited to $100,000, and the total amount of credits that may be granted annually by the Department of Taxation is $20 million.

FULL TEXT

• 01/19/07  House: Presented and ordered printed 077135424  pdf | impact statement

HISTORY

• 01/19/07  House: Presented and ordered printed 077135424
• 01/19/07  House: Referred to Committee on Finance
• 02/06/07  House: Left in Finance