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2013 SESSION

• | print version

HB 1303 Small businesses; tax credit for hiring graduates of Virginia's public colleges and universities.

Introduced by: Charniele L. Herring | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Tax credit for small businesses hiring graduates of Virginia's public colleges. Establishes, beginning January 1, 2013, an individual and corporate income tax credit for certain small businesses creating new full-time jobs that are filled by persons holding associate's or bachelor's degrees from public institutions of higher education in the Commonwealth. The credit would equal $2,500 for each such new full-time job. The credit would be claimed for the taxable year at which time the new full-time job was continuously filled for at least 12 months. Any unused credit would be allowed to be carried over for five taxable years. The tax credit would sunset in 2015.

FULL TEXT

• 07/18/12  House: Prefiled and ordered printed; offered 01/09/13 13100114D  pdf | impact statement

HISTORY

• 07/18/12  House: Prefiled and ordered printed; offered 01/09/13 13100114D
• 07/18/12  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