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Tax CreditVirginiaActiveVerified

Virginia Major Business Facility Job Tax Credit

Virginia Department of Taxation (VA TAX)VA-MBFJRefreshed 12 days ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

One-time $1,000 per-job income tax credit for Virginia businesses creating 50+ new jobs at a single facility within a 12-month period. Credits can be carried forward 10 years, rewarding large-scale job creation in manufacturing, warehousing, corporate services, and other qualifying activities.

Key Requirements & Eligibility

  • 1Minimum 50 new full-time jobs at a single facility in a 12-month period
  • 2Jobs must pay at least $15.50/hour (updated annually)
  • 3Qualifying activities: manufacturing, mining, R&D, telecommunications, corporate HQ, data centers
  • 4Credit: $1,000 per qualifying job; carry forward 10 years
  • 5Claim on Virginia Form 306

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Minimum 50 new full-time jobs at a single facility in a 12-month period

2.Jobs must pay at least $15.50/hour (updated annually)

3.Qualifying activities: manufacturing, mining, R&D, telecommunications, corporate HQ, data centers

4.Credit: $1,000 per qualifying job; carry forward 10 years

5.Claim on Virginia Form 306

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