Income tax credits; landlords participating in housing choice voucher programs. (HB764)
Introduced By
Sen. Jennifer McClellan (D-Richmond) with support from co-patrons Del. Delores McQuinn (D-Richmond), Del. Chris Peace (R-Mechanicsville), and Del. Jeion Ward (D-Hampton)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax credits; landlords participating in housing choice voucher programs. Establishes an individual and corporate income tax credit beginning with the 2010 taxable year for landlords who participate in a housing choice voucher program. Eligible landlords would receive a tax credit equal to 10 percent of the fair market value of the rent for each qualified housing unit. Qualified housing units would be dwelling units located in the Richmond Metropolitan Statistical Area that are included in a housing choice voucher program.
The Department of Housing and Community Development would administer the tax credit. The Department would not be allowed to issue more than $400,000 in tax credits in any fiscal year. Tax credits would be allowed only for that portion of the taxable year in which a dwelling unit was included in a housing choice voucher program. The bill provides a five-year carryforward period for unused tax credits. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/12/2010 | Committee |
01/12/2010 | Prefiled and ordered printed; offered 01/13/10 10103923D |
01/12/2010 | Referred to Committee on Finance |
01/19/2010 | Assigned Finance sub: #3 |
01/25/2010 | Assigned Finance sub: #3 |
01/25/2010 | Impact statement from DPB (HB764) |
02/09/2010 | Subcommittee recommends reporting with amendment(s) (4-Y 0-N) |
02/10/2010 | Reported from Finance with amendments (18-Y 4-N) (see vote tally) |
02/12/2010 | Read first time |
02/15/2010 | Read second time |
02/15/2010 | Committee amendments 1, 2, 3 and 4 agreed to |
02/15/2010 | Committee amendment #5 rejected |
02/15/2010 | Committee amendment #5 reconsidered |
02/15/2010 | Committee amendment #5 agreed to |
02/15/2010 | Amendment by Delegate McClellan withdrawn |
02/15/2010 | Engrossed by House as amended HB764E |
02/15/2010 | Printed as engrossed 10103923D-E |
02/16/2010 | Impact statement from DPB (HB764E) |
02/16/2010 | Read third time and passed House (94-Y 4-N) |
02/16/2010 | VOTE: --- PASSAGE (94-Y 4-N) (see vote tally) |
02/17/2010 | Constitutional reading dispensed |
02/17/2010 | Referred to Committee on General Laws and Technology |
02/24/2010 | Rereferred from General Laws and Technology (13-Y 0-N) (see vote tally) |
02/24/2010 | Rereferred to Finance |
03/02/2010 | Reported from Finance with amendment (15-Y 0-N) (see vote tally) |
03/03/2010 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
03/03/2010 | Read third time |
03/03/2010 | Reading of amendment waived |
03/03/2010 | Committee amendment agreed to |
03/03/2010 | Engrossed by Senate as amended |
03/03/2010 | Passed Senate with amendment (39-Y 0-N) (see vote tally) |
03/03/2010 | Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally) |
03/03/2010 | Passed Senate with amendment (40-Y 0-N) (see vote tally) |
03/03/2010 | Senate amendment agreed to by House (93-Y 3-N) |
03/03/2010 | VOTE: --- ADOPTION (93-Y 3-N) (see vote tally) |
03/10/2010 | Enrolled |
03/10/2010 | Bill text as passed House and Senate (HB764ER) |
03/11/2010 | Signed by Speaker |
03/13/2010 | Signed by President |
03/30/2010 | Impact statement from DPB (HB764ER) |
04/11/2010 | G Approved by Governor-Chapter 520 (effective 7/1/10) |
04/11/2010 | G Acts of Assembly Chapter text (CHAP0520) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 6 clips in all, totaling 9 minutes.