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2016 SESSION
HB 590 Research and development expenses tax credit; eliminates reporting requirement.
Introduced by: Charles D. Poindexter | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Research and development expenses tax credit; reporting requirement. Requires the Department of Taxation to include in its annual report to the Governor on revenue collections by tax source information regarding the number of applicants and tax credits approved for the research and development expenses tax credit. This replaces the current requirement that the Virginia Economic Development Partnership include this information in its Annual Report on Business Incentives.
SUMMARY AS INTRODUCED:
Research and development expenses tax credit; reporting requirement. Eliminates the requirement that the Virginia Economic Development Partnership include in its Annual Report on Business Incentives information regarding the number of applicants and tax credits approved for the research and development expenses tax credit.