Thursday, July 24, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB700: Neighborhood Assistance Act; changes tax credit program.
Chief Patron
Sen.
John Miller (D-1)
John Miller
(D-1)
Newport News, VA
Served: 2008–
Progress
 |
Introduced |
|
Passed Committee |
|
Passed House |
|
Passed Senate |
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Signed by Governor |
|
Became Law |
Status
03/07/2008: signed by governor
Summary
Neighborhood Assistance Act tax credits. Changes the Neighborhood Assistance Act tax credit program by (i) allowing individuals to receive tax credits for donations of real property or marketable securities, and (ii) repealing the $50,000 taxable year limitation on the amount of tax credits issued to individuals or married persons.
The bill also repeals a provision prohibiting an individual from claiming a neighborhood assistance tax credit if the individual also claims a deduction for the donation on his federal income tax return. Since 2006 language in the general appropriation act has effectively repealed this provision and, among other things, reduced the tax credit percentage from 45 percent to 40 percent.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/23/2008, 01/23/2008, 01/24/2008, 01/24/2008, 01/25/2008, 01/28/2008, 02/12/2008, 02/26/2008, 02/26/2008, 02/28/2008, 02/28/2008, 02/29/2008, 03/07/2008 and 03/07/2008.
Poll Results
1 vote
Tags
Bill Text
Related Bills
Status: Failed to Pass in Committee
Status: Failed to Pass in Committee
Status: Failed to Pass in Committee
Status: signed by governor
Status: signed by governor
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