Gold-Certified Veteran Employment Grant Fund; established. (SB831)

Introduced By

Sen. Toddy Puller (D-Mount Vernon) with support from co-patron Del. David Ramadan (R-South Riding)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Tax credit for hiring military veterans. Establishes beginning January 1, 2013, but before January 1, 2018, an individual and corporate income tax credit for taxpayers hiring returning or disabled military veterans into new jobs paying an annual salary of at least $50,000. Returning military veterans are persons who served on active duty on or after September 1, 2001, but not including any person who first served on active duty on or after January 1, 2015. Disabled military veterans are persons who are rated by the U.S. Department of Veterans Affairs as having at least a 50 percent service-connected disability and who were unemployed for at least six months in the calendar year immediately preceding the date on which they were hired into the new job. The tax credit would equal $500 each year for five years for returning military veterans holding the new job continuously throughout the year and $1,000 each year for five years for disabled military veterans holding the new job continuously throughout the year. No credit would be allowed for any year in which the number of full-time employees of the taxpayer is less than the average annual number of full-time employees of the taxpayer in the immediately preceding three years. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/28/2012Prefiled and ordered printed; offered 01/09/13 13101085D
12/28/2012Referred to Committee on Finance
01/12/2013Impact statement from TAX (SB831)
01/22/2013Reported from Finance with substitute (14-Y 0-N) (see vote tally)
01/22/2013Committee substitute printed 13104173D-S1
01/23/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/24/2013Read second time
01/24/2013Reading of substitute waived
01/24/2013Committee substitute agreed to 13104173D-S1
01/24/2013Engrossed by Senate - committee substitute SB831S1
01/25/2013Read third time and passed Senate (38-Y 0-N) (see vote tally)
01/25/2013Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
01/25/2013Passed Senate (40-Y 0-N) (see vote tally)
01/28/2013Impact statement from DPB (SB831S1)
02/02/2013Placed on Calendar
02/02/2013Read first time
02/02/2013Referred to Committee on Finance
02/05/2013Referred from Finance
02/05/2013Referred to Committee on Appropriations
02/18/2013Left in Appropriations