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2010 SESSION

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HB 896 Income tax, corporate; rate reduction for small businesses.

Introduced by: Barbara J. Comstock | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate income tax; rate reduction for small businesses.  Reduces the corporate income tax rate from six percent to 5.4 percent for small businesses, which are businesses defined as having 250 or fewer employees. The bill also requires the Governor to appoint a special Small Business Job Growth Commission to identify and make recommendations to remove state barriers for business formation and investment by November 1, 2010.

FULL TEXT

• 01/13/10  House: Prefiled and ordered printed; offered 01/13/10 10102385D  pdf | impact statement

HISTORY

• 01/13/10  House: Prefiled and ordered printed; offered 01/13/10 10102385D
• 01/13/10  House: Referred to Committee on Finance
• 01/25/10  House: Assigned Finance sub: #3
• 02/09/10  House: Subcommittee recommends incorporating (HB860-Cline) by voice vote
• 02/10/10  House: Incorporated by Finance (HB680-May) by voice vote