VA HB228 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 10 2012 - 25% progression, died in chamber
Action: 2012-02-06 - House: Continued to 2013 in Finance by voice vote
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 10 2012 - 25% progression, died in chamber
Action: 2012-02-06 - House: Continued to 2013 in Finance by voice vote
Text: Latest bill text (Prefiled) [HTML]
Summary
Tax credit for contracting with small or minority-owned, veteran-owned, or women-owned businesses. Establishes a corporate income tax credit beginning January 1, 2013, for federal contractors with at least 250 full-time employees that subcontract with small or minority-owned, veteran-owned, or women-owned businesses to perform federal government contract work. The tax credit would equal five percent of the amount paid by the federal contractor under the subcontract to the small or minority-owned, veteran-owned, or women-owned business. The small or minority-owned, veteran-owned, or women-owned business would be required to perform all subcontract work in a Historically Underutilized Business Zone or a state enterprise zone. Tax credits would be capped at $10 million each fiscal year. The tax credit would sunset on December 31, 2017.
Title
Income tax, corporate; credit for contracting with small or minority-owned businesses.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-06 | House: Continued to 2013 in Finance by voice vote | |
| 2012-01-12 | House: Assigned Finance sub: Subcommittee #3 | |
| 2012-01-10 | House: Referred to Committee on Finance | |
| 2012-01-10 | House: Prefiled and ordered printed; offered 01/11/12 12103226D |
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 | 439.12:1 | (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 |
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB228 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB228+hil |
