Legislation

Title: Income Tax – Work Opportunity Tax Credit
Sponsored by: Senators Guzzone, Elfreth, Griffith, Jackson, King, McCray, Rosapepe, Young, and Zucker
Status: Approved by the Governor - Chapter 5
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Allowing employers that claim the federal work opportunity credit to claim a credit against the State income tax for certain wages paid to individuals with barriers to employment; altering the calculation of a certain subtraction modification for certain salary and wages paid to certain individuals; requiring the Department of Legislative Services to prepare a tax credit evaluation of the credit on or before December 31, 2028; applying the Act to taxable years beginning after December 31, 2021, but before January 1, 2029; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means

Committee Testimony

Witness List

Details

Cross-filed with: HB0002

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber Senate Calendar Date 2/02/2022 Legislative Date 2/02/2022 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Work Opportunity Tax Credit Proceedings
Chamber Senate Calendar Date 2/03/2022 Legislative Date 2/03/2022 Action Hearing 2/23 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/28/2022 Legislative Date 3/28/2022 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/28/2022 Legislative Date 3/15/2022 Action Favorable with Amendments {133929/1 Adopted Proceedings 55 Click to view Recorded Media
Chamber Senate Calendar Date 3/28/2022 Legislative Date 3/15/2022 Action Second Reading Passed with Amendments Proceedings 55 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax – Work Opportunity Tax Credit Proceedings
Chamber Senate Calendar Date 3/29/2022 Legislative Date 3/16/2022 Action Third Reading Passed (42-0) Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 3/29/2022 Legislative Date 3/21/2022 Action Referred Rules and Executive Nominations Proceedings 42 Click to view Recorded Media
Chamber House Calendar Date 3/29/2022 Legislative Date 3/30/2022 Action Rereferred to Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/30/2022 Legislative Date 3/30/2022 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 3/30/2022 Legislative Date 3/23/2022 Action Favorable Adopted Second Reading Passed Proceedings 44 Click to view Recorded Media
Chamber House Calendar Date 3/31/2022 Legislative Date 3/24/2022 Action Third Reading Passed (131-0) Proceedings 45 Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2022 Legislative Date 3/20/2022 Action Returned Passed Proceedings 60 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/01/2022 Legislative Date 4/01/2022 Action Approved by the Governor - Chapter 5 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax – Work Opportunity Tax Credit Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/02/2022	2/02/2022	First Reading Budget and Taxation
			Text - First - Income Tax – Work Opportunity Tax Credit
Senate	2/03/2022	2/03/2022	Hearing 2/23 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/28/2022	3/28/2022	Favorable with Amendments Report by Budget and Taxation
Senate	3/28/2022	3/15/2022	Favorable with Amendments {133929/1 Adopted	55 Click to view Recorded Media
Senate	3/28/2022	3/15/2022	Second Reading Passed with Amendments	55 Click to view Recorded Media
			Text - Third - Income Tax – Work Opportunity Tax Credit
Senate	3/29/2022	3/16/2022	Third Reading Passed (42-0)	56 Click to view Recorded Media
House	3/29/2022	3/21/2022	Referred Rules and Executive Nominations	42 Click to view Recorded Media
House	3/29/2022	3/30/2022	Rereferred to Ways and Means
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/30/2022	3/30/2022	Favorable Report by Ways and Means
House	3/30/2022	3/23/2022	Favorable Adopted Second Reading Passed	44 Click to view Recorded Media
House	3/31/2022	3/24/2022	Third Reading Passed (131-0)	45 Click to view Recorded Media
Senate	3/31/2022	3/20/2022	Returned Passed	60 Click to view Recorded Media
Post Passage	4/01/2022	4/01/2022	Approved by the Governor - Chapter 5
			Text - Chapter - Income Tax – Work Opportunity Tax Credit

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