Sunday, July 6, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB680: Neighborhood Assistance Act; moves tax credit program to taxation.
Chief Patron
Del.
Bob Hull (D-38)
Bob Hull
(D-38)
Falls Church, VA
Served: 1993–
Progress
 |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
03/12/2008: signed by governor
Summary
Neighborhood Assistance Act tax credit. Moves the Neighborhood Assistance Act Tax Credit program from Title 63.2 [Welfare (Social Services)] to Title 58.1 (Taxation) and provides a cross-reference to the tax credit program in Title 63.2 (§ 63.2-2002).
The bill also provides that in all cases the value of a donated motor vehicle for purposes of computing the neighborhood assistance tax credit shall be such value as determined under federal income tax laws. This would replace, in part, a current regulation that provides that the value for merchandise donated to a neighborhood organization that is not used by the organization but is sold, auctioned, or raffled by the organization, shall be the lesser of the value determined for federal tax purposes or the actual proceeds received by the neighborhood organization (22VAC40-41-40).
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Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/04/2008, 02/04/2008, 02/05/2008, 02/06/2008, 02/06/2008, 02/07/2008, 02/07/2008, 02/08/2008, 02/08/2008, 02/15/2008, 02/15/2008, 02/28/2008 and 02/28/2008.
Poll Results
1 vote
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Bill Text
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Delegate Hull's Bill