VA HB65 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 4 2017 - 25% progression
Action: 2017-12-04 - Committee Referral Pending
Text: Latest bill text (Prefiled) [HTML]

Summary

Tax credits for employing individuals released from incarceration for conviction of a felony. Establishes, for taxable years beginning on and after January 1, 2018, but before January 1, 2023, an individual and corporate income tax credit for taxpayers hiring individuals released from incarceration into new jobs paying an annual salary of at least $50,000. The bill defines "individual released from incarceration" as a person who was released from incarceration for conviction of a felony within the five years immediately preceding the date on which the person was hired into the new job. The tax credit would equal $500 each year for five years for each such employee holding the new job continuously throughout the year. No credit would be allowed for any year in which the number of full-time employees of the taxpayer is less than the average annual number of full-time employees of the taxpayer in the immediately preceding three years.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Individuals released from incarceration for conviction of a felony; tax credits for employing.

Sponsors


History

DateChamberAction
2017-12-04HouseCommittee Referral Pending
2017-12-04HousePrefiled and ordered printed; offered 01/10/18 18100573D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.12:13(n/a)See Bill Text

Virginia State Sources


Bill Comments

feedback