Virginia House Bill 858 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Economic development; incentives to attract knowledge workers. Provides, for taxable years 2022 through 2027, an income tax deduction for 50 percent of the amount a qualified knowledge worker, defined in the bill, pays for residential high speed internet access or $600, whichever is less. The bill provides a tax credit for qualified knowledge workers for the purchase of a residential electric vehicle charger, in an amount equal to 50 percent of the former federal tax credit for an electric vehicle charger. The bill also provides an income tax credit for qualified knowledge workers in an amount equal to the sales tax paid for up to $5,000 of certain computer equipment. For the deduction and both credits, the amounts provided are doubled if the qualified knowledge worker resides in a locality that has lost more than 10 percent of its population since the 2010 census. Qualified knowledge worker is defined in the bill as an individual who establishes new domicile in Virginia and who possesses advanced skills in the field of information technology, including network engineers, software developers, data scientists, and artificial intelligence, machine learning, or quantum computing professionals. The bill provides that no more than $1 million in credits shall be issued in any taxable year and that such credits shall be allocated evenly between distressed and non-distressed localities.

Economic development; incentives to attract knowledge workers.

Del. David Reid [D]

Del. Rodney Willett [D]

Del. Mark Keam [D]

2022-01-31 - House - House: Subcommittee recommends laying on the table (6-Y 3-N) (Y: 6 N: 3 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-02-15	House	Left in Finance
2022-01-31	House	Subcommittee recommends laying on the table (6-Y 3-N)
2022-01-27	House	Assigned Finance sub: Subcommittee #1
2022-01-12	House	Referred to Committee on Finance
2022-01-12	House	Prefiled and ordered printed; offered 01/12/22 22100903D

Chapter	Article	Section	Citation Type	Statute Text
58	1	322.03	(n/a)	See Bill Text
58	1	339.13	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB858
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB858+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+HB858F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H1001V0009+HB0858