VA HB1382 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 12 2018 - 25% progression
Action: 2018-01-12 - Referred to Committee on Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Agricultural best management practices tax credit; refundability for corporations. Allows taxpayers to apply for a refund of corporate income tax credits received for expenditures for agricultural best management practices. Under current law, corporate income tax credits that exceed the taxpayer's tax liability are not refundable but may be carried forward for up to five years. Furthermore, under current law, individual income tax credits for expenditures related to agricultural best management practices are refundable.

Tracking Information

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Title

Agricultural best management practices tax credit; refundability for corporations.

Sponsors


History

DateChamberAction
2018-01-12HouseReferred to Committee on Finance
2018-01-12HousePresented and ordered printed 18104070D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.5(n/a)See Bill Text

Virginia State Sources


Bill Comments

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