Bryce Reeves
- Republican
- Senator
- District 28
Primary
Individual and corporate income tax credit;employers of military spouses. Provides for taxable years 2020through 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 ofa self-employed spouse of an active member of the United States armedforces. The amount of the credit shall be 25 percent of such wagesor income. The bill allows a taxpayer to carry unused credits overfor up to five taxable years.
Left in Finance and Appropriations
Continued to 2021 in Finance and Appropriations (15-Y 0-N)
Impact statement from TAX (SB460)
Moved from Finance to Finance and Appropriations due to a change of the committee name
Prefiled and ordered printed; offered 01/08/20 20102337D
Referred to Committee on Finance and Appropriations
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/08/20 20102337D | HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: SB460F161.PDF |
Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.