Virginia Senate Bill 218 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on December 30 2019 - 25% progression, died in committee
Action: 2020-01-29 - Continued to 2021 in Finance and Appropriations (15-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Individual and corporate income tax credit; employers of National Guard members and self-employed National Guard members. Provides for taxable years 2020 through 2024 a nonrefundable tax credit against individual and corporate income taxes for (i) wages paid by an employer to an employee who is a Virginia National Guard member or (ii) income of a self-employed Virginia National Guard member attributable to his business. The amount of the credit shall be 25 percent if such member was in a military pay status for 65 days or more during such taxable year or 15 percent if such member was in a military pay status for 45 days or more during such taxable year. The credit shall not be allowed if such member was in a military pay status for less than 45 days during such taxable year. The bill allows a taxpayer to carry unused credits over for up to five taxable years.

Income tax, state and corporate; tax credit for employers of National Guard members.

Sen. David Suetterlein [R]

Sen. Amanda Chase [R]

2020-01-29 - Senate - Senate: Continued to 2021 in Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-01-29	Senate	Continued to 2021 in Finance and Appropriations (15-Y 0-N)
2020-01-08	Senate	Moved from Finance to Finance and Appropriations due to a change of the committee name
2019-12-30	Senate	Referred to Committee on Finance and Appropriations
2019-12-30	Senate	Prefiled and ordered printed; offered 01/08/20 20100807D

SB218 (Carry Over) 2020-01-29 - Continued to 2021 in Finance and Appropriations (15-Y 0-N)

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.13	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB218
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB218+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S05V0074+SB0218