Virginia Senate Bill 460 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 7 2020 - 25% progression, died in committee
Action: 2020-01-29 - Continued to 2021 in Finance and Appropriations (15-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Individual and corporate income tax credit; employers of military spouses. Provides for taxable years 2020 through 2024 a nonrefundable tax credit against individual and corporate income taxes for (i) wages paid by an employer to the spouse of an active member of the United States armed forces or (ii) income of a self-employed spouse of an active member of the United States armed forces. The amount of the credit shall be 25 percent of such wages or income. The bill allows a taxpayer to carry unused credits over for up to five taxable years.

Income tax, state and corporate; tax credit for employers of military spouses.

Sen. Bryce Reeves [R]

Sen. Mark Peake [R]

2020-01-29 - Senate - Senate: Continued to 2021 in Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-01-29	Senate	Continued to 2021 in Finance and Appropriations (15-Y 0-N)
2020-01-08	Senate	Moved from Finance to Finance and Appropriations due to a change of the committee name
2020-01-07	Senate	Referred to Committee on Finance and Appropriations
2020-01-07	Senate	Prefiled and ordered printed; offered 01/08/20 20102337D

SB460 (Carry Over) 2020-01-29 - Continued to 2021 in Finance and Appropriations (15-Y 0-N)

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?201+sum+SB460
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB460+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S05V0077+SB0460