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HB 0767 - Income Tax; Eligibility For Tax Credit
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Tracking Level: Neutral
Sponsor: Ron Stephens (R)
Last Action: 1/21/2014 - House Second Readers
House Committee: W&M
Assigned To:
Economic DevelopmentNext Bill

Staff Analysis of the Legislation

This legislation expands the ability to obtain state income tax credits for businesses in less developed areas.  Under current law, census tracts next to federal military installations with a 15% or greater poverty rate in the 2010 census are eligible.  HB 767 would expand this to apply to census tracts next to federal military installations with a 15% or greater poverty rate in the 2000 or 2010 census.  

 


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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