File Code: Economic and Community Development
Prior Year Introduction As: HB 526/94 - W&M
- Sponsored By:
-
Delegates Gordon, Heller, Howard, Hixson, Beck, C. Davis, Shriver, and
Workman
- Entitled:
-
Enterprise Zones - Economic Development Projects - Income Tax Credit
Altering requirements for an area to be designated as an enterprise
zone within which businesses may benefit from incentives and
initiatives provided by the State; allowing a credit against the State
income tax for a portion of the project costs for economic development
projects in enterprise zones undertaken by businesses located in the
State that have been in existence for a reasonable time before
applying for the credit; providing for calculation of the credit; etc.
House Action
- 1/22
- First Reading Ways and Means
- 2/5
- Hearing 2/14 at 2:00 p.m.
- 3/14
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate Michael R. Gordon, District 17
- Delegate Raymond Beck, District 39
- Delegate Clarence Davis, District 45
- Delegate Henry B. Heller, District 19
- Delegate Sheila Ellis Hixson, District 20
- Delegate Carolyn J. B. Howard, District 24
- Delegate Mark K. Shriver, District 15
- Delegate Betty Workman, District 1B
- Bill indexed under the following Subjects:
- BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
- COMMERCE AND BUSINESS -see also- SMALL BUSINESS
- ENTERPRISE ZONES
- INCOME TAX
- RULES AND REGULATIONS
- TAX CREDITS
- Bill affects the following Statutes:
- Article - 83A Department of Business and Economic Development
- (
5-401 ,
5-402 ,
5-403 ,
5-404
)
- Tax - General
- (
10-205 ,
10-306 ,
10-702 ,
10-702.1
)
- Tax - Property
- (
9-103
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
None available