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 - Income Tax Credits for New Businesses
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 initiated by new businesses in enterprise zones; providing
for calculation of the credit; requiring the Secretary of Business and
Economic Development to adopt regulations; requiring specified
additional modifications if a credit is claimed; 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