VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

1996 SESSION

• | print version

HB 249 Job creation tax credit.

Introduced by: W. Roscoe Reynolds | all patrons    ...    notes | add to my profiles

SUMMARY:

Job creation tax credit. Provides a $2,800 income tax credit to qualified taxpayers employing an additional five full-time employees to fill positions located in a high stress or above average stress city or county. The credit is taken in the year following the year the job is created. A taxpayer is eligible for the credit if he is engaged in warehousing or distribution, manufacturing of goods or industrial activities such as the processing of foods, raw materials, chemicals, and process agents, goods in process, or finished goods. This legislation is modeled after North Carolina law.

FULL TEXT

• 01/10/96  House: Presented & ordered printed 963227428  pdf

HISTORY

• 01/10/96  House: Presented & ordered printed 963227428
• 01/10/96  House: Referred to Committee on Finance
• 01/16/96  House: Assigned to Finance sub-committee: 2
• 02/09/96  House: Passed by indefinitely in Finance (22-Y 0-N)