2019 Session

Budget Amendments - SB1100 (Member Request)

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Chief Patron: Suetterlein
Individual and Corporate Tax Credit for Employers of National Guard Members (language only)

Item 0 #4s

Item 0 #4s




Page 1, strike lines 43 through 44 and insert:


"Official Revenue Estimates





(This amendment would provide the necessary revenue reduction in the second year from the general fund to implement a nonrefundable tax credit against individual and corporate income taxes for wages paid by an employer to an employee who is a Virginia National Guard Member. The funding contained in this amendment is contingent on the passage of a soon to be introduced bill. As a placeholder, this amendment assumes a general fund revenue reduction of $500,000 the second year. The actual revenue impact is to be determined.)