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1997 SESSION

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(HB2183)

AMENDMENT PROPOSED BY THE HOUSE COMMITTEE ON FINANCE

    1. Page 3, introduced, line 32, after 1995

      insert

        ; however, in the case of a taxpayer which includes employees of a contractor or subcontractor as qualified full-time employees in computing their credit, any credit earned which is related to the establishment or expansion of all major business facilities during a twenty-four month period ending between January 1, 1995 and December 31, 1996, shall be limited to $750,000. A taxpayer subject to the foregoing limitations may elect the credit year in which it counts qualified full-time employees for purposes of computing its credit