VA HB2 | 2010 | Regular Session
Status
Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on November 16 2009 - 25% progression, died in chamber
Action: 2010-02-10 - House: Continued to 2011 in Finance by voice vote
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on November 16 2009 - 25% progression, died in chamber
Action: 2010-02-10 - House: Continued to 2011 in Finance by voice vote
Text: Latest bill text (Prefiled) [HTML]
Summary
Income tax; small business investment tax credit. Provides a tax credit equal to 10% of the eligible investments made by small business taxpayers in personal property and real estate improvements used in the business. The investments must be made beginning July 1, 2010, but before July 1, 2011, and the minimum amount must be $10,000 in order to qualify for the credit. For purposes of the credit, a business qualifies as small if it has 500 or fewer employees.
Title
Income tax, state; small business investment tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-02-10 | House: Continued to 2011 in Finance by voice vote | |
| 2010-02-09 | House: Subcommittee recommends continuing to 2011 by voice vote | |
| 2010-01-25 | House: Assigned Finance sub: #3 | |
| 2009-11-16 | House: Referred to Committee on Finance | |
| 2009-11-16 | House: Prefiled and ordered printed; offered 01/13/10 10100394D |
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB2 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB2+hil |
