Tax Credits

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SB 1403 Sales tax; exemption for personal protective equipment; emergency. Introduced by: Todd E. Pillion | all patrons … notes | add to my profiles SUMMARY AS INTRODUCED: Sales tax; exemption for personal protective equipment; emergency. Establishes a retail sales and use tax exemption for personal protective equipment, defined in the bill. The exemption would be available to any business that has in place a COVID-19 safety protocol that complies with the Emergency Temp

By |2021-01-14T13:09:22-05:00January 14th, 2021|emergency powers, Tax Credits|Comments Off on SB 1403 Sales tax; exemption for personal protective equipment; emergency. Introduced by: Todd E. Pillion | all patrons … notes | add to my profiles SUMMARY AS INTRODUCED: Sales tax; exemption for personal protective equipment; emergency. Establishes a retail sales and use tax exemption for personal protective equipment, defined in the bill. The exemption would be available to any business that has in place a COVID-19 safety protocol that complies with the Emergency Temp

SB 1394 Income tax exclusion for Paycheck Protection Plan loan forgiveness; deductibility. Introduced by: J. Chapman Petersen | Todd E. Pillion | all patrons … notes | add to my profiles SUMMARY AS INTRODUCED: Income tax exclusion for Paycheck Protection Plan loan forgiveness; deductibility. Establishes an income tax exclusion for forgiveness of indebtedness on a loan received under the Coro

By |2021-01-15T09:27:15-05:00January 14th, 2021|Tax Credits, Tier #1 SUPPORT|Comments Off on SB 1394 Income tax exclusion for Paycheck Protection Plan loan forgiveness; deductibility. Introduced by: J. Chapman Petersen | Todd E. Pillion | all patrons … notes | add to my profiles SUMMARY AS INTRODUCED: Income tax exclusion for Paycheck Protection Plan loan forgiveness; deductibility. Establishes an income tax exclusion for forgiveness of indebtedness on a loan received under the Coro

HB 2243 Home instruction and private school tax credit. Introduced by: Dave A. LaRock | all patrons … notes | add to my profiles SUMMARY AS INTRODUCED: Home instruction and private school tax credit. Creates an individual, nonrefundable income tax credit for taxable years beginning on or after January 1, 2021, but before January 1, 2026, for amounts paid by the parent or legal guardian of a child for the child’s home instruction expenses or tuition for attending an accredited private school in Virginia. The credit shall equal the lesser of the amount actually paid in the taxable year for such costs or half of the average state standards of quality funding per student per year. The credit may be taken for instruction-related materials, c

By |2021-01-15T09:18:50-05:00January 13th, 2021|Education, Tax Credits, Tier #1 SUPPORT|Comments Off on HB 2243 Home instruction and private school tax credit. Introduced by: Dave A. LaRock | all patrons … notes | add to my profiles SUMMARY AS INTRODUCED: Home instruction and private school tax credit. Creates an individual, nonrefundable income tax credit for taxable years beginning on or after January 1, 2021, but before January 1, 2026, for amounts paid by the parent or legal guardian of a child for the child’s home instruction expenses or tuition for attending an accredited private school in Virginia. The credit shall equal the lesser of the amount actually paid in the taxable year for such costs or half of the average state standards of quality funding per student per year. The credit may be taken for instruction-related materials, c