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2021 SESSION

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SB 460 Income tax, state and corporate; tax credit for employers of military spouses.

Introduced by: Bryce E. Reeves | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Individual and corporate income tax credit; employers of military spouses. Provides for taxable years 2020 through 2024 a nonrefundable tax credit against individual and corporate income taxes for (i) wages paid by an employer to the spouse of an active member of the United States armed forces or (ii) income of a self-employed spouse of an active member of the United States armed forces. The amount of the credit shall be 25 percent of such wages or income. The bill allows a taxpayer to carry unused credits over for up to five taxable years.


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