Sponsored bills
Establishes an income tax modification for companies that, from 2018 through 2028, either (i) invest at least $5 million in new capital investment in a qualified locality and create at least 10 jobs paying at least twice the minimum wage in a qualified locality or (ii) create at least 50 jobs paying at least twice the minimum wage in a qualified locality. A company is eligible to claim the modification only if it had no property or payroll in Virginia on the effective date of the act.
Expands the requirement under the Virginia Public Procurement Act that any executive branch agency's goals for participation by small businesses include a minimum of three percent participation by service disabled veteran businesses from when such agencies are contracting only for information technology goods and services to when such agencies are contracting for any goods and services. The bill contains technical amendments.
Increases the maximum fine for misdemeanor conviction of a zoning violation from $1,000 to $2,000. The bill also increases the maximum fine for failure to remove or abate the zoning violation after conviction from $1,500 to $2,000 for succeeding 10-day periods.