HB243

Virginia HB243 imposes a tax on large employers equal to 100% of qualified employee benefits.

Virginia HB243 imposes a tax on large employers equal to 100% of qualified employee benefits received by employees residing in the Commonwealth. The bill defines "qualified employee benefits" as the sum of the qualified federal benefits received by individuals who are employees of such person for such taxable year. Large employers must submit quarterly employment rosters to the Department for use in determining the amount of qualified employee benefits received by such large employer's employees.