Javascript is required to run this page

HB471

Small businesses, new; state and local tax and regulatory exemptions.

Status:
Killed

Chief Patron:
David Reid (D)

Session:
2018 Regular Session

Summary

As Introduced. State and local tax and regulatory exemptions for new small businesses.

Exempts new small businesses from (i) payment of unemployment, sales and use, and local license taxes and (ii) certain registration and reporting requirements with the State Corporation Commission. The bill defines an eligible business as any business that has its principal place of business in the Commonwealth, has not been in existence for more than five years, and has fewer than six employees or has paid less than $5,000 for the purchase or lease of business personal property, including machinery and tools and merchants' capital, since its inception. (Less)

  • Bill History

  • 01/07/2018 - House: Prefiled and ordered printed; offered 01/10/18 18103342D
  • 01/07/2018 - House: Referred to Committee on Commerce and Labor
  • 01/17/2018 - House: Assigned C & L sub: Subcommittee #1
  • 01/24/2018 - House: Impact statement from SCC (HB471)
  • 01/25/2018 - House: Subcommittee recommends reporting with amendments
  • 01/25/2018 - House: Subcommittee recommends referring to Committee on Finance
  • 01/30/2018 - House: Referred from Commerce and Labor
  • 01/30/2018 - House: Referred to Committee on Finance
  • 02/01/2018 - House: Assigned Finance sub: Subcommittee #3
  • 02/02/2018 - House: Subcommittee recommends passing by indefinitely (5-Y 3-N)
  • 02/13/2018 - House: Left in Finance

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

See other bills related to: