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]
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.
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]
2021-01-26 - House - House: Subcommittee recommends reporting with substitute (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-02-05 | House | Left in Appropriations |
2021-01-29 | House | Subcommittee recommends laying on the table (5-Y 2-N) |
2021-01-27 | House | Assigned App. sub: Commerce Agriculture & Natural Resources |
2021-01-27 | House | Referred to Committee on Appropriations |
2021-01-27 | House | Committee substitute printed 21103137D-H1 |
2021-01-27 | House | Reported from Finance with substitute (22-Y 0-N) |
2021-01-26 | House | Subcommittee recommends referring to Committee on Appropriations |
2021-01-26 | House | Subcommittee recommends reporting with substitute (10-Y 0-N) |
2021-01-16 | House | Assigned Finance sub: Subcommittee #2 |
2020-12-28 | House | Referred to Committee on Finance |
2020-12-28 | House | Prefiled and ordered printed; offered 01/13/21 21100645D |