2020 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Reeves
SB 457: Individual and Corp Income Tax Credit for Employers of National Guard Members (language only)

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"Official Revenue Estimates





(This amendment would provide the necessary general fund revenue adjustment associated with SB 457. The bill would create 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 revenue adjustment contained in this amendment is contingent on the passage of SB 457. As a placeholder, this amendment assumes a general fund revenue reduction of $500,000 in each year. The actual revenue impact is unknown.)