Historic rehabilitation tax credit; certain income under federal law is not income for State tax. (HB531)
Introduced By
Del. Mark Cole (R-Fredericksburg) with support from co-patron Del. Scott Garrett (R-Lynchburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Historic rehabilitation tax credit. Provides that any gain or income under federal law relating to the allocation or application of a historic rehabilitation tax credit would not be gain or income for Virginia tax purposes. The bill's provisions are declaratory of existing law. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/10/2012 | Committee |
01/10/2012 | Prefiled and ordered printed; offered 01/11/12 12103664D |
01/10/2012 | Referred to Committee on Finance |
01/20/2012 | Assigned Finance sub: #3 |
01/23/2012 | Impact statement from TAX (HB531) |
01/27/2012 | Subcommittee recommends reporting with amendment(s) (5-Y 0-N) |
02/06/2012 | Reported from Finance with amendments (22-Y 0-N) (see vote tally) |
02/07/2012 | Read first time |
02/08/2012 | Read second time |
02/08/2012 | Committee amendments agreed to |
02/08/2012 | Engrossed by House as amended HB531E |
02/08/2012 | Printed as engrossed 12103664D-E |
02/09/2012 | Read third time and passed House (97-Y 0-N 1-A) |
02/09/2012 | VOTE: PASSAGE (97-Y 0-N 1-A) (see vote tally) |
02/10/2012 | Constitutional reading dispensed |
02/10/2012 | Referred to Committee on Finance |
02/14/2012 | Impact statement from TAX (HB531E) |
02/15/2012 | Reported from Finance (15-Y 0-N) (see vote tally) |
02/16/2012 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/17/2012 | Read third time |
02/17/2012 | Passed Senate (38-Y 2-N) (see vote tally) |
02/21/2012 | Enrolled |
02/21/2012 | Bill text as passed House and Senate (HB531ER) |
02/21/2012 | Impact statement from TAX (HB531ER) |
02/21/2012 | Signed by Speaker |
02/22/2012 | Signed by President |
03/06/2012 | G Approved by Governor-Chapter 92 (effective 7/1/12) |
03/06/2012 | G Acts of Assembly Chapter text (CHAP0092) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.