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 2021 through 2025 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 Virginia NationalGuard member attributable to his business. The amount of the creditshall be 25 percent if such member was in a military pay status for65 days or more during such taxable year or 15 percent if such memberwas in a military pay status for 45 days or more during such taxableyear. The credit shall not be allowed if such member was in a militarypay status for fewer than 45 days during such taxable year.
Left in Appropriations
House subcommittee amendments and substitutes offered
Subcommittee recommends laying on the table (5-Y 2-N)
Reported from Finance with substitute (22-Y 0-N)
Committee substitute printed 21103137D-H1
Referred to Committee on Appropriations
Assigned App. sub: Commerce Agriculture & Natural Resources
Subcommittee recommends reporting with substitute (10-Y 0-N)
Subcommittee recommends referring to Committee on Appropriations
House subcommittee amendments and substitutes offered
Assigned Finance sub: Subcommittee #2
Impact statement from TAX (HB1771)
Referred to Committee on Finance
Prefiled and ordered printed; offered 01/13/21 21100645D
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/13/21 21100645D | HTML |
| Committee substitute printed 21103137D-H1 | HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB1771F161.PDF |
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