Legislation - HB1321

Title: Income Tax - Credit for Cybersecurity Measures Undertaken by Small Businesses
Sponsored by: Delegates Rose, Buckel, Hartman, Hornberger, Mangione, Miller, Reilly, Stonko, Tomlinson, Valentine, and Wivell
Status: In the House - Hearing 2/20 at 1:00 p.m.
Analysis

Synopsis

Authorizing a credit against the State income tax for a certain small business that employs 50 or fewer employees for costs incurred by the small business during the taxable year for certain cybersecurity measures undertaken by the small business; making the credit refundable; and applying the Act to all taxable years beginning after December 31, 2024.

Committees

Original:: Ways and Means

Details

Introduced in a prior session as: HB1210 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 2/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Cybersecurity Measures Undertaken by Small Businesses Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2025	2/07/2025	First Reading Ways and Means
House	2/07/2025	2/07/2025	Hearing 2/20 at 1:00 p.m.
			Text - First - Income Tax - Credit for Cybersecurity Measures Undertaken by Small Businesses

File Code

Subjects

Statutes