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2013 SESSION

• | print version

HB 1370 Small business; creates an individual and corporate tax credit for those creating new jobs.

Introduced by: Richard P. Bell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Small business job creation tax credit. Creates an individual and corporate income tax credit beginning January 1, 2013, for small businesses creating new full-time jobs in the Commonwealth. The credit would equal $1,000 for each new job created. A small business would be allowed the credit for an aggregate of 50 jobs. Any unused tax credit would be allowed to be carried forward for five taxable years. The credit would sunset on January 1, 2016.

FULL TEXT

• 12/09/12  House: Prefiled and ordered printed; offered 01/09/13 13101272D  pdf | impact statement

HISTORY

• 12/09/12  House: Prefiled and ordered printed; offered 01/09/13 13101272D
• 12/09/12  House: Referred to Committee on Finance
• 01/14/13  House: Assigned Finance sub: #3
• 01/25/13  House: Subcommittee recommends laying on the table (5-Y 0-N)
• 02/05/13  House: Left in Finance