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Tax CreditVirginiaActiveVerified

Virginia Major Business Facility Job Tax Credit

Virginia Department of Taxation (VA TAX)VA-MBFJ
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Virginia

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

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingTechnologyDistributionFinancial Services
Official Source