HB1052

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Economic Development - Job Creation Tax Credit - Alteration

Sponsored by:

Delegate Walker

Status:

In the Senate - Rereferred to Budget and Taxation


Synopsis:Altering the definitions of "qualified position" and "State priority funding area" for purposes of the job creation tax credit program; requiring the Department of Commerce to certify the amount of the tax credit for which a qualified business entity is eligible; altering the calculation of the credits earned under the program; prohibiting the Department from certifying tax credits in a taxable year in excess of $4,000,000; applying the Act to job creation tax credits certified after December 31, 2017; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegate Walker (By Request - Tax Credit Evaluation Committee)
Additional Facts:Cross-filed with: SB0873
Bill File Type: Regular
Effective Date(s): July 1, 2017
Committee(s):
Ways and Means  View Committee HearingBudget and Taxation
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Commercial Rehabilitation -see also- Urban Renewal
Committees and Commissions -see also- Political Committees
Disclosure
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Labor, Licensing, and Regulation, Department of
Reports
Tax Credits
Statutes:Article - Economic Development
(6-301, 6-303, 6-304, 6-305, 6-307, 6-309)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


April 10, 2017 10:05 P.M.