RichmondSunlight

HB290

2023 House

HB290

Failed

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

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Summary

Individual and corporate income tax credit; employers of National Guard members and self-employed National Guard members. Provides for taxable years 2022 through 2026 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 bill provides that the amount of the credit is 25 percent if such member was in a military pay status for 65 days or more during the taxable year or 15 percent if such member was in a military pay status for 45 to 64 days during the taxable year. The credit is not allowed if such member was in a military pay status for fewer than 45 days during the taxable year.

Full Text

HOUSE BILL NO. 290
Offered January 12, 2022
Prefiled January 11, 2022
A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.13, relating to individual and corporate income tax credit; employers of National Guard members and self-employed National Guard members.
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Patrons-- Freitas and Jenkins
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Referred to Committee on Finance
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Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.13 as follows:

Bill Details

Status
failed committee
Outcome
failed
Introduced
2022-12-12
Patron
Del. Nick Freitas (R-Culpeper)
Party
R
District
62
Committee
Finance
Copatrons
0
Words
678
Citation
https://www.richmondsunlight.com/bill/2023/hb290/

Status History

status: Left in Finance
translation: failed committee
date: 11/22/2022
date_raw: 2022-11-22
lis_vote_id: H10V0001
vote_count:
status: Continued to 2023 in Finance
translation:
date: 02/07/2022
date_raw: 2022-02-07
lis_vote_id: H10C0062
vote_count:
status: Subcommittee recommends continuing to 2023
translation:
date: 02/04/2022
date_raw: 2022-02-04
lis_vote_id: H1003C0008
vote_count:
status: Assigned Finance sub: Subcommittee #3
translation: in subcommittee
date: 02/01/2022
date_raw: 2022-02-01
lis_vote_id:
vote_count:
status: Impact statement from TAX (HB290)
translation:
date: 01/23/2022
date_raw: 2022-01-23
lis_vote_id:
vote_count:
status: Referred to Committee on Finance
translation: in committee
date: 01/11/2022
date_raw: 2022-01-11
lis_vote_id:
vote_count:
status: Prefiled and ordered printed; offered 01/12/22 22100092D
translation: introduced
date: 01/11/2022
date_raw: 2022-01-11
lis_vote_id:
vote_count:

Related

[
    {
        "id": 61681,
        "number": "sb540",
        "catch_line": "Income tax, state and corporate; credit for small businesses.",
        "date_introduced": "December 12, 2022",
        "name": "Finance and Appropriations",
        "year": 2023,
        "status": "failed committee",
        "count": 3
    },
    {
        "id": 62858,
        "number": "sb1210",
        "catch_line": "Income tax, state; subtraction for members of National Guard.",
        "date_introduced": "January 10, 2023",
        "name": "Finance and Appropriations",
        "year": 2023,
        "status": "signed by governor",
        "count": 3
    },
    {
        "id": 64004,
        "number": "hj673",
        "catch_line": "Commending the Virginia National Guard State Partnership Program.",
        "date_introduced": "February 13, 2023",
        "name": null,
        "year": 2023,
        "status": "passed senate",
        "count": 2
    },
    {
        "id": 62058,
        "number": "sb908",
        "catch_line": "Stillborn child; tax credit for loss.",
        "date_introduced": "January 06, 2023",
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        "status": "failed committee",
        "count": 2
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    {
        "id": 62087,
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        "date_introduced": "January 06, 2023",
        "name": "Finance and Appropriations",
        "year": 2023,
        "status": "signed by governor",
        "count": 2
    }
]