Introduced in House Passed House Introduced in Senate Passed Senate Became Law
12/28/2019        

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

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 an employee who is a Virginia National Guard member or (ii) income of a self-employed National Guard member attributable to his business. The amount of the credit shall be 25 percent if such member was in a military pay status for 65 days or more during such taxable year or 15 percent if such member was in a military pay status for 45 days or more during such taxable year. The credit shall not be allowed if such member was in a military pay status for less than 45 days during such taxable year.

Date Version PDF TXT
12/28/2019 House: Prefiled and ordered printed; offered 01/08/20 20101748D Open

            

2020 SESSION

    20101748D
    HOUSE BILL NO. 230
    Offered January 8, 2020
    Prefiled December 28, 2019
    A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.13, relating to individual and corporate income tax credit; employers of National Guard members and self-employed National Guard members.
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    Patrons-- Freitas, Adams, L.R., Austin, Avoli, Batten, Bell, Bloxom, Brewer, Byron, Campbell, J.L., Campbell, R.R., Cole, M.L., Collins, Cox, Coyner, Davis, Edmunds, Fariss, Fowler, Head, Hodges, Jenkins, Kilgore, Leftwich, Miyares, Morefield, Murphy, Orrock, Reid, Robinson, Runion, Rush, Scott, Simon, Walker, Wilt, Wright and Wyatt; Senators: Peake and Reeves
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    Referred to Committee on Finance
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    Be it enacted by the General Assembly of Virginia:

    1. That the Code of Virginia is amended by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.13 as follows:

    58.1-339.13. Tax credits for employers of National Guard members and self-employed National Guard members.

    A. For purposes of this section:

    "Employer" means the same as that term is defined in � 58.1-460.

    "National Guard employee" means a person who is (i) an employee, as defined in � 58.1-460, of an employer and (ii) an active member of the National Guard of the Commonwealth of Virginia.

    "Self-employed National Guard member" means an active member of the National Guard of the Commonwealth of Virginia who derives a substantial portion of his income from a trade or business (i) operated by the member as a sole proprietor, (ii) through which the member has attempted to earn taxable income, and (iii) for which the member has filed the appropriate Internal Revenue Service Form 1040, Schedule C or F, for the previous taxable year.

    "Wages" means the same as that term is defined in � 58.1-460 and includes wages or salaries paid during the deployment of a National Guard employee.

    B. 1. For taxable years beginning on and after January 1, 2020, but before January 1, 2025, an employer shall be allowed a credit against the tax levied pursuant to � 58.1-320 or 58.1-400 for wages paid to a National Guard employee during the taxable year. The amount of the credit shall be 25 percent if such employee was in a military pay status for 65 days or more during such taxable year or 15 percent if such employee was in a military pay status for more than 44 days but less than 65 days during such taxable year. The credit shall not be allowed if such employee was in a military pay status for less than 45 days during such taxable year.

    2. For taxable years beginning on and after January 1, 2020, but before January 1, 2025, a self-employed National Guard member shall be allowed a credit against the tax levied pursuant to � 58.1-320 or 58.1-400 for income attributable to his trade or business during the taxable year. The amount of the credit shall be 25 percent if such self-employed individual was in a military pay status for 65 days or more during such taxable year or 15 percent if such self-employed individual was in a military pay status for more than 44 days but less than 65 days during such taxable year. The credit shall not be allowed if such self-employed individual was in a military pay status for less than 45 days during such taxable year. No credit shall be allowed pursuant to this subdivision if an employer claimed a tax credit pursuant to subdivision 1 for the same National Guard member.

    C. The amount of the credit claimed shall not exceed the total amount of tax imposed pursuant to � 58.1-320 or 58.1-400 upon the employer for the taxable year.

    Picture Name From Date Type
    Nicholas J. (Nick) Freitas R-Richmond Sponsor
    Scott A. Wyatt R-Richmond Cosponsor
    Thomas C. Wright R-Richmond Cosponsor
    Tony O. Wilt R-Richmond Cosponsor
    Wendell S. Walker R-Richmond Cosponsor
    Marcus B. Simon D-Richmond Cosponsor
    Don L. Scott D-Richmond Cosponsor
    L. Nick Rush R-Richmond Cosponsor
    Christopher S. Runion R-Richmond Cosponsor
    Roxann L. Robinson R-Richmond Cosponsor
    David A. Reid D-Richmond Cosponsor
    Bryce E. Reeves R-Richmond Cosponsor
    1 to 12 of 37 Desc 12
    Date Branch Action
    01/23/2020 House House: Assigned Finance sub: Subcommittee #1
    12/28/2019 House House: Prefiled and ordered printed; offered 01/08/20 20101748D
    12/28/2019 House House: Referred to Committee on Finance
    Summary
    Congress - Bill Number Major Title
    Branch Vote Date Yes No Not Voting
    Wiki





    Start Description.
    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 an employee who is a Virginia National Guard member or (ii) income of a self-employed National Guard member attributable to his business. The amount of the credit shall be 25 percent if such member was in a military pay status for 65 days or more during such taxable year or 15 percent if such member was in a military pay status fo
    End Description.

    Bill TEXT Points.
    This Bill has been listed with the following Subjects from Texts:
    Income


    Income tax


    Virginia
    230 Offered January 8, 2020 Prefiled December 28, 2019 A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58

    National Guard
    13, relating to individual and corporate income tax credit; employers of National Guard members and self-employed National Guard members


    End Bill TEXT Points.
    Date Bill Major Title
    Committee Name
    Subject Type