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HB473

Income tax, state; employer retention credit.

Status:
Killed

Chief Patron:
Carrie Coyner (R)

Session:
2024 Regular Session

Summary

As Introduced. Income tax; interest; employer retention credit.

Provides authority to the Tax Commissioner to waive interest on taxpayers that received a federal employer retention tax credit. Such waiver shall only be permissible if the taxpayer was eligible for and received the federal tax credit, filed an amended return, and was found to have an additional tax liability due to the reduction in deductible wages that resulted from claiming the credit. (Less)

  • Bill History

  • 01/08/2024 - House: Prefiled and ordered printed; offered 01/10/24 24100441D
  • 01/08/2024 - House: Referred to Committee on Finance
  • 01/18/2024 - House: Assigned Finance sub: Subcommittee #1
  • 01/20/2024 - House: Impact statement from TAX (HB473)
  • 01/22/2024 - House: House subcommittee amendments and substitutes offered
  • 02/13/2024 - House: Left in Finance

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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