Panel nixes tax credits for hiring Virginia graduates

Students receiving degrees from Virginia’s public colleges and universities may struggle to find employment, after a House subcommittee killed legislation that would have given small businesses a $2,500 tax credit for hiring such graduates.

House Bill 1303 was introduced by Delegate Charniele Herring, D-Alexandria, who proposed an incentive system for small businesses that hired people holding an associate’s or bachelor’s degree from a public institution of higher education in Virginia. In her eyes, small businesses are the cornerstone for moving graduates from the classroom to the real world.

“Small businesses account for more than 47 percent of employment to recent graduates, and it’s very important to provide tax incentives to encourage the hiring of our recent Virginia graduates,” Herring said.

“About 53.6 percent of recent higher education graduates have been unable to find a job, and that’s really what motivated me to pursue a way to give our students an opportunity to succeed after their education is complete.”

HB 1303 would have helped small businesses that hire Virginia public college graduates to fill new full-time jobs after Jan. 1 of this year. Those businesses would have received a $2,500 corporate income tax credit for each new full-time position. Businesses could have claimed the credit after the graduate had been employed for at least
a year. Virginia college students supported the measure.

“I believe the tax credit ensures a move in a more positive direction and will encourage small businesses to hire recent graduates and help minimize the unemployment rates we’re seeing right now,” said Alex Henery, a student representative from Radford University.

“If businesses are given a deductible to hire these graduates, then they may be more inclined to take a chance on those whose experience stems predominantly from the classroom.”

The bill set a cap of $2 million for the tax credits. The tax credit program would have automatically expired in 2015.

HB 1303 did not cover private colleges and universities in Virginia. That is the main reason why House Finance subcommittee No. 3 decided to table the bill.

Herring argued that the financial ceiling set in the bill did not make it realistic to provide tax credits for hiring graduates from private institutions.

“I thought there was a more natural nexus for public universities, and with the money accessible, it’s not an effective tool in encouraging small businesses to hire all students who graduate from a college or university in Virginia,” she said.

Delegate Joseph Johnson, D-Abingdon, was intrigued by the bill. He noted that some parents are suing colleges and universities because their children could not find employment upon graduation.

For example, Trina Thompson, a 27-year -old New York graduate, and her parents are suing Monroe College in the Bronx for the $70,000 she spent on tuition because she has been unable to find a full-time job.

“There have been numerous class-action lawsuits brought on by parents whose kids have been unable to find jobs after school,” Johnson said. “Students majoring in visual arts, history, performing arts and English, to name a few, are finding it extremely difficult to find jobs. It’s becoming a new trend here in the commonwealth and throughout the nation.”

On a voice vote of 5-0 on Friday, the subcommittee tabled HB 1303, suggesting it be revised to provide tax credits for hiring graduates from private as well as public colleges.
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West End apartment fire injures 1


SEPT. 25, 10:30 A.M. – A West End apartment fire injured one person Sunday afternoon.

The fire broke out in the third floor of the Chase Gayton apartment complex in the 10 block of Chase Gayton Drive, near the intersection of Gaskins Road and Quioccasin Road, at about 1:20 p.m. Sept. 24. > Read more.

Crime Stoppers’ Crime of the Week: Sept. 25, 2017


Crime stoppers needs your help to solve a double homicide that occurred in the City of Richmond in June of this year.

On Wednesday, June 7, at approximately 9:53 p.m., Richmond police officers responded to several calls for random gunfire in the 3600 block of Decatur Street. They arrived and found the victims, two males, Christian Singleton and Ketron Wells. The victims were outside on the ground lying near each other. Both victims had received fatal gunshot wounds. > Read more.

Richmond Astronomical Society to present night sky astronomy at Libbie Mill, Varina libraries


The Richmond Astronomical Society and Libbie Mill Library will host a presentation about the night sky and its astronomy Sept. 28, from 7 p.m. to 9 p.m.

Attendees will enjoy amazing views of the moon and other celestial objects with high-quality telescopes operated by members of the Richmond Astronomical Society. Guests will be able to see craters and seas on the surface of the moon with clarity and detail. > Read more.

Henrico home sales continue on strong pace


The number of homes sold in Henrico County in August rose 10 percent when compared to the same month last year, according to data compiled by Long & Foster. The average sale price of those homes – $239,975 – also rose, by about 4 percent when compared to the same average sale price in August 2016.

Henrico's jump in the number of homes sold was the largest in the Richmond region, though average sales prices in Chesterfield (8 percent increase) and Richmond (12 percent) jumped by higher amounts when compared to last August sales. > Read more.

Thoracic surgeon is first to perform 100 robot-assisted lobectomies in Central Virginia


Graham M. Bundy, a thoracic surgeon with HCA Virginia Physicians’ Cardiothoracic Surgical Associates, is the first such surgeon in Central Virginia to perform 100 minimally-invasive Da Vinci robot-assisted lobectomies (a surgical procedure to remove a lobe of the lung). The procedure is used to treat multiple types of conditions but is most often used to treat lung cancer. > Read more.

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Pet Valu will host a nationwide fall fashion party to launch its new seasonal apparel for dogs, cats and other animals with a sense of style. Guests will get a first look at the latest apparel from Bailey & Bella, enjoy complimentary refreshments and take advantage of one-day-only discounts and special giveaways, including a chance to win a $500 fashion shopping spree. The event will take place from 11 a.m. to 3 p.m. at all area Pet Valu locations including those in Henrico: 1601 Willow Lawn Dr., 5304 Wyndham Forest Dr. and 11839 West Broad St. Full text

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