VA HB1771 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on December 28 2020 - 25% progression, died in committee
Action: 2021-02-05 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]

Summary

Individual and corporate income tax credit; employers of National Guard members and self-employed National Guard members. Provides for taxable years 2021 through 2025 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 fewer than 45 days during such taxable year.

Tracking Information

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Title

Income tax, state and corporate; tax credit for employers of Nat'l Guard members, etc.

Sponsors


Roll Calls

2021-01-29 - House - House: Subcommittee recommends laying on the table (5-Y 2-N) (Y: 5 N: 2 NV: 0 Abs: 1) [PASS]
2021-01-26 - House - House: Subcommittee recommends reporting with substitute (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-02-05HouseLeft in Appropriations
2021-01-29HouseSubcommittee recommends laying on the table (5-Y 2-N)
2021-01-27HouseAssigned App. sub: Commerce Agriculture & Natural Resources
2021-01-27HouseReferred to Committee on Appropriations
2021-01-27HouseCommittee substitute printed 21103137D-H1
2021-01-27HouseReported from Finance with substitute (22-Y 0-N)
2021-01-26HouseSubcommittee recommends referring to Committee on Appropriations
2021-01-26HouseSubcommittee recommends reporting with substitute (10-Y 0-N)
2021-01-16HouseAssigned Finance sub: Subcommittee #2
2020-12-28HouseReferred to Committee on Finance
2020-12-28HousePrefiled and ordered printed; offered 01/13/21 21100645D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581339.13(n/a)See Bill Text

Virginia State Sources


Bill Comments

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