Individual and corporate income tax credit;employers of National Guard members and self-employed National Guardmembers. Provides for taxable years 2020 through 2024 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 National Guard memberattributable to his business. The amount of the credit shall be 25percent if such member was in a military pay status for 65 days ormore during such taxable year or 15 percent if such member was ina military pay status for 45 days or more during such taxable year.The credit shall not be allowed if such member was in a militarypay status for less than 45 days during such taxable year.
Sponsored bills
Individual and corporate income tax credit;employers of National Guard members and self-employed National Guardmembers. Provides for taxable years 2020 through 2024 a nonrefundabletax credit against individual and corporate income taxes for (i) wages paid by an employer to an employee who is an active or reserveVirginia National Guard member or (ii) income of a self-employedactive or reserve Virginia National Guard member attributable to his business. The amount of the credit shall be 25 percent if such memberwas in a military pay status for 65 days or more during such taxableyear or 15 percent if such member was in a military pay status forat least 45 days but less than 65 days during such taxable year.The credit shall not be allowed if such member was in a military pay status for less than 45 days during such taxable year. The billallows a taxpayer to carry unused credits over for up to five taxableyears.
Commending the Garden Club of Virginia.
Commending the Honorable Richard Preston Bell.
Celebrating the life of Olivia Gae ArmentroutWelsh.
Commending the Washington Nationals.
Professions and occupations; expediting the issuance of credentials to spouses of military service members and veterans. Provides for the expedited issuance of credentials to the spouses of military service members who are ordered to federal active duty under Title 10 of the United States Code or are veterans if the spouse accompanies the service member or veteran to the Commonwealth or an adjoining state or the District of Columbia. Under current law, the expedited review is provided more generally for active duty members of the military who are the subject of a military transfer to the Commonwealth. The bill also authorizes a regulatory board within the Department of Professional and Occupational Regulation or the Department of Health Professions or any other board in Title 54.1 (Professions and Occupations) to waive any requirement relating to experience if the board determines that the documentation provided by the applicant supports such waiver. This bill was incorporated into HB 967.
Commending the Washington Nationals.
Commending The American Legion Auxiliary.
Commending the United States Women's NationalSoccer Team.