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2022 SESSION

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HB 695 Worker training tax credit; clarifies definition of "eligible worker training," extends sunset date.

Introduced by: Mark L. Keam | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Worker training tax credit. Extends from 2022 to 2025 the sunset date for the worker training tax credit and expands credits with respect to courses at an Eligible Training Provider List-recognized institution to include courses at any Virginia public institution of higher education.

SUMMARY AS INTRODUCED:

Worker training tax credit. Extends from 2022 to 2025 the sunset date for the worker training tax credit and removes a requirement for such tax credit that direct costs incurred by a business primarily engaged in manufacturing in conducting orientation, instruction, and training in the Commonwealth be related to the manufacturing activities undertaken by the business.