VA HB2003 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2019 - 25% progression
Action: 2019-01-11 - Assigned Finance sub: Subcommittee #1
Hearing: Jan 16 in House Committee Room
Text: Latest bill text (Prefiled) [HTML]

Summary

Major business facility job tax credit; extension; access to information. Extends the sunset date of the major business facility job tax credit from January 1, 2020, to January 1, 2025. The bill also requires the Department of Taxation, for taxable years beginning on and after January 1, 2019, to publish the following information about companies that are using the credit: (i) locations of sites used for major business facilities for which a credit was claimed, (ii) North American Industry Classification System codes used for the major business facilities for which a credit was claimed, (iii) number of qualified full time employees for whom a credit was claimed, and (iv) total cost to the Commonwealth's general fund of the credits claimed.

Tracking Information

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Title

Major business facility job tax credit; extends sunset date.

Sponsors


History

DateChamberAction
2019-01-11HouseAssigned Finance sub: Subcommittee #1
2019-01-07HouseReferred to Committee on Finance
2019-01-07HousePrefiled and ordered printed; offered 01/09/19 19102073D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439(n/a)See Bill Text

Virginia State Sources


Bill Comments

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