INCENTIVE DESCRIPTION

State:	VA
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Training Credits
Description:	WORKER RETRAINING TAX CREDIT: Virginia employers will be eligible to receive an income tax credit equal to 30% of all expenditures made by the employer for worker retraining. There is a spending cap of $2.5 million in any taxable year.
Eligibility Requirements:	Eligible worker retraining consists of courses at Virginia community colleges and private schools or retraining programs through apprenticeship agreements approved by the Virginia Apprenticeship Council.
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.