Virginia House Bill 290 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2022 - 25% progression, died in committee
Action: 2022-11-22 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

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.

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

Del. Nicholas Freitas [R]

Date	Chamber	Action
2022-11-22	House	Left in Finance
2022-02-07	House	Continued to 2023 in Finance by voice vote
2022-02-04	House	Subcommittee recommends continuing to 2023 by voice vote
2022-02-01	House	Assigned Finance sub: Subcommittee #3
2022-01-11	House	Referred to Committee on Finance
2022-01-11	House	Prefiled and ordered printed; offered 01/12/22 22100092D

HB290 (Carry Over) 2022-02-07 - Continued to 2023 in Finance by voice vote

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.13	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB290
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB290+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB290F161+PDF