SB 457

  • Virginia Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Jan 07, 2020
  • Senate
  • House
  • Governor

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


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 an active or reserveVirginia National Guard member or (ii) income of a self-employedactive or reserve Virginia National Guard member attributable to his business. The amount of the credit shall be 25 percent if such memberwas in a military pay status for 65 days or more during such taxableyear or 15 percent if such member was in a military pay status forat least 45 days but less than 65 days 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. The billallows a taxpayer to carry unused credits over for up to five taxableyears.

Bill Sponsors (40)

Todd E. Pillion




Dec 04, 2020


Left in Finance and Appropriations

Jan 29, 2020


Continued to 2021 in Finance and Appropriations (15-Y 0-N)

Jan 24, 2020


Impact statement from TAX (SB457)

Jan 08, 2020


Moved from Finance to Finance and Appropriations due to a change of the committee name

Jan 07, 2020


Prefiled and ordered printed; offered 01/08/20 20102174D


Referred to Committee on Finance and Appropriations

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/08/20 20102174D HTML

Related Documents

Document Format
Fiscal Impact Statement: SB457F161.PDF PDF


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