VA HB473 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Income tax; interest; employer retention credit. Provides authority to the Tax Commissioner to waive interest on taxpayers that received a federal employer retention tax credit. Such waiver shall only be permissible if the taxpayer was eligible for and received the federal tax credit, filed an amended return, and was found to have an additional tax liability due to the reduction in deductible wages that resulted from claiming the credit.
Title
Income tax, state; employer retention credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-13 | House | Left in Finance |
| 2024-01-18 | House | Assigned Finance sub: Subcommittee #1 |
| 2024-01-08 | House | Referred to Committee on Finance |
| 2024-01-08 | House | Prefiled and ordered printed; offered 01/10/24 24100441D |
