House job bills sent to governor
* Breaking NewsIf local news is breaking and you know about it:
* Call Us: 800-296-5137 * E-mail Us * Upload Your Photos |
Recommend ThisA package of job bills developed by the House Policy Committee has passed both chambers of the Virginia General Assembly and is headed to Gov. Bob McDonnell's desk.
HB 1447 allows income tax credits for individuals and businesses for qualified research and development expenses. The credits are capped at $10 million per year.
HB 1837 establishes an income tax credit for licensed farm wineries equal to 25 percent of the cost of certain equipment and materials for taxable years beginning on or after Jan. 1.
HB 1929 amends the Virginia Public Procurement Act to allow a business located in the commonwealth to match an out-of-state bid if the difference between the two bids is less than 5 percent. If the Virginia firm does so, it would get the contract.
Finally, HB 2316 creates a program that provides financial incentives to companies that manufacture or assemble equipment, systems or products used to produce renewable or nuclear energy, or products used for energy conservation, storage or grid-efficiency purposes.
"I believe that focusing on job creation for Virginia citizens through incentives to companies to create jobs was the right thing to do," Policy Committee Chairman Clifford L. "Clay" Athey Jr., R-Front Royal, says in a statement, "and I have been assured by Governor McDonnell that he will be signing these important bills into law at his earliest opportunity."
-- Daily Staff Report
0 
Leave a comment
Comments
Comments that are posted on nvdaily.com represent the opinion of the commenter and not the Northern Virginia Daily/nvdaily.com.
Comments that contain Web addresses, e-mail addresses, personal attacks, name-calling or personal information considered by the editor to be inappropriate for posting here will not be posted.
Commenters agree to abide by our COMMENTS POLICY when posting. Questions? E-mail us at info@nvdaily.com.