Major Business Facility Job Tax Credit (Virginia)
Last modified on February 12, 2015.
|Applies to States or Provinces||Virginia|
|Name||Major Business Facility Job Tax Credit (Virginia)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Virginia Department of Taxation|
|Primary Website|| http://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB714
| Last Substantive Modification
The Major Business Facility Job Tax Credit is a program administered by the Virginia Department of Taxation. The credit provides $1,000 per job over a 25 or 50-job threshold, which varies by locality. The job threshold must be met within a 12 month period and is taken in equal installments over a two year period.
|Department||Virginia Department of Taxation|
|Division||Tax Credit Assistance|
|Address||1957 Westmoreland Street|
|Phone|| (804) 786-2992