Nick Freitas
- Republican
- Delegate
- District 62
Primary
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.
Incorporated by Finance (HB1620-Helmer)
Subcommittee recommends incorporating (HB1620-Helmer)
Impact statement from TAX (HB230)
Assigned Finance sub: Subcommittee #1
Prefiled and ordered printed; offered 01/08/20 20101748D
Referred to Committee on Finance
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| Impact statement from TAX (HB230) | HTML |
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| No related documents. |
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