Virginia taxable income; subtraction for activeduty military income or veteran retirement compensation. Providesa subtraction from Virginia taxable income, for taxable years beginningon and after January 1, 2020, for any income of active duty militarymembers or the retirement compensation received by veterans for theirservice.
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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.
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.
Relief for Jack Anthony Maxwell. Providesfor the relief of Jack Anthony Maxwell, who is ineligible to participatein the state retiree health benefits program, by directing the Departmentof Human Resource Management and the Virginia Retirement System toallow Mr. Maxwell to reenter the plan despite electing to discontinueparticipating in the plan at the time of his retirement. Under currentlaw, if a retiree does not elect to participate in the plan within31 days of retirement, such person is permanently barred from participatingin the plan.
Commending Mission BBQ.
Commending the Washington Nationals.
Children's Services Act; community policy and management teams; use of funds. Provides that the state pool of funds for community policy and management teams may be used for residential or nonresidential services in a public school setting and to provide services to children placed in public residential facilities or public special education day schools in addition to such private facilities and private special education day schools as provided in current law.
Precincts; wholly contained within single election district. Requires each precinct to be wholly contained within a single congressional and a single state legislative district, except where splitting a precinct among two or more districts is necessary to ensure the population of each district is as nearly equal to the population of every other district as practicable. This requirement is in addition to the requirement that county, city, and town precincts established by the respective governing bodies are wholly contained within an election district used for the election of one or more members of the governing body or school board. This bill was incorporated into SB 740.
Celebrating the life of Alan Arnold Diamonstein.
Commending the Washington Nationals.