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INCENTIVE DESCRIPTION
| State: | VA |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Jobs Credits |
| Description: | MAJOR BUSINESS FACILITY JOB TAX CREDIT: Qualified companies locating or expanding in Virginia receive a $1000 corporate income tax credit for each new full-time job created over a threshold number of jobs. The $1000 credit is available for all qualifying jobs in excess of the threshold and is taken in equal installments over 3 years. Credits are available for taxable years beginning on or after January 1, 1995, but before January 1, 2010. Unused credits may be carried over for up to 10 years. |
| Eligibility Requirements: | Companies locating in enterprise zones or economically distressed areas are required to meet a 50-job threshold; all other locations have a 100-job threshold |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of Virginia |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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