Sunday, September 7, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB333: Automatic sprinkler systems; tax credit for initial installation.
Chief Patron
Del.
Jennifer McClellan (D-71)
Jennifer McClellan
(D-71)
Richmond, VA
Served: 2006–
Progress
 |
Introduced |
 |
Passed Committee |
 |
Passed House |
|
Passed Senate |
|
Signed by Governor |
|
Became Law |
Status
02/12/2008: Failed to Pass in Committee
Summary
Installation of automatic sprinkler systems; tax credit for initial installation. Requires that all buildings that (i) are more than 75 feet high or more than six stories high, (ii) are being used to house individuals or to provide guest rooms for occupancy, and (iii) are not equipped with an automatic sprinkler system would be equipped with an automatic sprinkler system by December 31, 2017. The Board of Housing and Community Development would be required to promulgate regulations establishing standards for the automatic sprinkler system. The bill also would make available to the owners of such building an income tax credit equal to 45% of the total amount paid by the owner for the initial installation of the sprinkler system. The tax credit could be carried forward for 10 years.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/28/2008 and 02/12/2008.
Poll Results
2 votes
Tags
Bill Text
Related Bills
Status: In Committee
Status: in subcommittee
Status: Failed to Pass in Committee
Status: Failed to Pass in Committee
Status: Failed to Pass in Committee
Subscribe
Keep track of the status of this bill as it moves through the General Assembly
— subscribe
via RSS.
Comments
Worthy in intent, the bill needs a grandfather clause. My building's construction is such that installation of sprinkler systems would be prohibitively expensive, resulting in bankruptcy. This would mean a loss of property and residences for 31 resident families.