VA HB1049 | 2013 | Regular Session
Status
Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on January 11 2012 - 25% progression, died in committee
Action: 2012-11-29 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 11 2012 - 25% progression, died in committee
Action: 2012-11-29 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Income tax; STEM (science, technology, engineering, or mathematics) internship tax credit. Establishes an individual and corporate income tax credit for taxpayers employing persons in STEM internship positions in the Commonwealth. The bill requires the intern to have an associate's or bachelor's degree in a STEM discipline or to be a graduate of a STEM trade school. In addition, the person's STEM internship with the taxpayer must be for a definite period that does not exceed 12 months. Taxpayers hiring STEM interns would be eligible for a tax credit equal to 25 percent of the wages or salary paid to the intern. Taxpayers would apply to the Department of Taxation for the tax credit. The Department would issue tax credits by providing a written certification to the taxpayer that reports the amount of tax credit that may be claimed. The Department would not be allowed to issue more than $2 million in tax credits during any fiscal year. The Department would be allowed to issue tax credits only for fiscal years 2013 through 2017.
Title
Income tax, state; tax credit for taxpayers employing persons in STEM internship positions.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-11-29 | House | Left in Finance |
| 2012-02-06 | House | Continued to 2013 in Finance by voice vote |
| 2012-01-11 | House | Referred to Committee on Finance |
| 2012-01-11 | House | Prefiled and ordered printed; offered 01/11/12 12100302D |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:1 | (n/a) | See Bill Text |
| 58 | 1 | 439.12:11 | (n/a) | See Bill Text |
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?131+sum+HB1049 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB1049+hil |
