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2012 SESSION

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SB 178 Satellite office expenses tax credit; creates a $250,000 tax credit for certain businesses.

Introduced by: Richard H. Stuart | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Satellite office expenses tax credit.  Creates a $250,000 tax credit for a business that opens a satellite office or operation in a Virginia locality that reduces the commute of at least 10 current employees to five miles or less. The capital investment made by the corporation to establish the satellite office or operation must be at least $250,000.

FULL TEXT

• 01/10/12  Senate: Prefiled and ordered printed; offered 01/11/12 12103260D  pdf | impact statement

HISTORY

• 01/10/12  Senate: Prefiled and ordered printed; offered 01/11/12 12103260D
• 01/10/12  Senate: Referred to Committee on Finance
• 02/08/12  Senate: Continued to 2013 in Finance (15-Y 0-N)