VA HB65 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on December 4 2017 - 25% progression, died in committee
Action: 2018-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Tax credits for employing individuals released from incarceration for conviction of a felony. Establishes, for taxable years beginning on and after January 1, 2018, but before January 1, 2023, an individual and corporate income tax credit for taxpayers hiring individuals released from incarceration into new jobs paying an annual salary of at least $50,000. The bill defines "individual released from incarceration" as a person who was released from incarceration for conviction of a felony within the five years immediately preceding the date on which the person was hired into the new job. The tax credit would equal $500 each year for five years for each such employee holding the new job continuously throughout the year. No credit would be allowed for any year in which the number of full-time employees of the taxpayer is less than the average annual number of full-time employees of the taxpayer in the immediately preceding three years.

Tracking Information

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Title

Individuals released from incarceration for conviction of a felony; tax credits for employing.

Sponsors


Roll Calls

2018-01-31 - House - House: Subcommittee failed to recommend reporting (2-Y 4-N) (Y: 2 N: 4 NV: 2 Abs: 0) [FAIL]

History

DateChamberAction
2018-02-13HouseLeft in Finance
2018-01-31HouseSubcommittee failed to recommend reporting (2-Y 4-N)
2018-01-30HouseAssigned Finance sub: Subcommittee #2
2017-12-04HouseReferred to Committee on Finance
2017-12-04HousePrefiled and ordered printed; offered 01/10/18 18100573D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.12:13(n/a)See Bill Text

Virginia State Sources


Bill Comments

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