HB442:

Income tax, state and corporate; credit for employers of G3 Program or cybersecurity graduates.

Bill Summary:

Income tax credit; employers of G3 Program or
cybersecurity graduates. Creates a nonrefundable individual and
corporate income tax credit for employers that hire eligible employees
who are (i) graduates of the Get Skilled, Get a Job, Give Back Program
(G3 Program) or (ii) graduates with a degree in cybersecurity from
a Virginia four-year institution of higher education. The credit
is available for taxable years 2022 through 2026, is equal to $1,000
per eligible employee hired during the taxable year who works in
a full-time position, and includes an aggregate annual cap of $5
million.