Virginia House Bill 1050 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 6-0)
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]

Income tax; tax credit for hiring military persons as STEM (science, technology, engineering, or mathematics) interns. Establishes an individual and corporate income tax credit for taxpayers employing military persons in STEM internship positions in the Commonwealth. The bill requires the military person to be a retiree of or honorably discharged from the Virginia National Guard, the national guard of another state or U.S. territory, the armed forces of the United States, or the armed forces reserves of the United States. In addition, the person's STEM internship with the taxpayer must be for a definite period that does not exceed 12 months. Taxpayers hiring military persons in STEM internships 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.

Income tax, state; tax credit for hiring military persons as STEM interns.

Del. Anne Crockett-Stark [R]	Del. John O'Bannon [R]	Del. Thomas Rust [R]	Del. Richard Anderson [R]
Del. Ron Villanueva [R]	Del. Gordon Helsel [R]

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 12100298D

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

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?131+sum+HB1050
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB1050+hil