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

Individual and corporate income tax credit;employers of National Guard members and self-employed National Guardmembers. Provides for taxable years 2022 through 2026 a nonrefundabletax credit against individual and corporate income taxes for (i)wages paid by an employer to an employee who is a Virginia NationalGuard member or (ii) income of a self-employed Virginia National Guardmember attributable to his business. The bill provides that the amountof the credit is 25 percent if such member was in a military paystatus for 65 days or more during the taxable year or 15 percentif such member was in a military pay status for 45 to 64 days duringthe taxable year. The credit is not allowed if such member was ina military pay status for fewer than 45 days during the taxable year.