Income tax, state; rent reductions tax credit. (HB1568)

Introduced By

Sen. Jennifer McClellan (D-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; rent reductions tax credit. Removes the January 1, 2010, sunset date and allows the VHDA to approve an additional $100,000 in credits, for a total of $150,000, for rental fees that are reduced by 50% or more. Amends § 58.1-339.9, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/20/2006Presented and ordered printed 068871364
01/20/2006Referred to Committee on Finance
01/24/2006Assigned to Finance sub-committee: #3 (Ware, R.L.)
02/09/2006Fiscal impact statement from TAX (HB1568)
02/13/2006Continued to 2007 in Finance