Neighborhood Assistance Act Tax Credit; changes administration of and eligibility for an allocation. (SB1325)
Introduced By
Sen. Walter Stosch (R-Glen Allen) with support from co-patrons Del. John O'Bannon (R-Richmond), Sen. John Edwards (D-Roanoke), Sen. John Miller (D-Newport News), and Sen. Richard Stuart (R-Westmoreland)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
✓ |
Became Law |
Description
Neighborhood Assistance Act Tax Credit. Changes the administration of the Neighborhood Assistance Act Tax Credit and the eligibility for an allocation of tax credits. The bill would provide that nonprofit organizations that serve individuals with family annual income not in excess of 180 percent of the federal poverty guidelines would be eligible for an allocation of neighborhood assistance tax credits. Current Department of Social Services regulations (22 VAC 40-41-10) sets eligibility for tax credits for programs that serve individuals with family annual income not in excess of 150 percent of the federal poverty guidelines. The bill would provide that programs that offer counseling or supportive services to students or their parents in developing a postsecondary academic or vocational education plan would be eligible for tax credits. The bill would establish a $0.5 million annual limit in tax credits for each neighborhood organization or a grouping of neighborhood organization affiliates.
The bill would require the Department of Education to allocate up to $6.75 million in tax credits each year for education programs and for the State Department of Social Services to allocate up to $5.25 million in tax credits each year for all other programs. The general appropriation act currently in effect provides for the Department of Education to award up to $3 million in grants to schools for students with disabilities pursuant to the Neighborhood Assistance Act and for the State Department of Social Services to allocate up to $9 million in tax credits pursuant to the Act.
The bill extends the sunset date of the Neighborhood Assistance Act program from July 1, 2009, to July 1, 2011. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/14/2009 | Prefiled and ordered printed; offered 01/14/09 092829332 |
01/14/2009 | Referred to Committee on Finance |
01/23/2009 | Impact statement from DPB (SB1325) |
02/04/2009 | Reported from Finance with substitute (16-Y 0-N) (see vote tally) |
02/04/2009 | Committee substitute printed 092912332-S1 |
02/05/2009 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/06/2009 | Read second time |
02/06/2009 | Reading of substitute waived |
02/06/2009 | Committee substitute agreed to 092912332-S1 |
02/06/2009 | Engrossed by Senate - committee substitute SB1325S1 |
02/09/2009 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/11/2009 | Placed on Calendar |
02/11/2009 | Read first time |
02/11/2009 | Referred to Committee on Finance |
02/11/2009 | Assigned Finance sub: 1 |
02/16/2009 | Reported from Finance with substitute (16-Y 4-N) (see vote tally) |
02/16/2009 | Committee substitute printed 092925332-H1 |
02/17/2009 | Motion to refer to committee agreed to |
02/17/2009 | Referred to Committee on Appropriations |
02/18/2009 | Impact statement from DPB (SB1325H1) |
02/18/2009 | Reported from Appropriations (22-Y 0-N) (see vote tally) |
02/20/2009 | Read second time |
02/23/2009 | Passed by for the day |
02/24/2009 | Read third time |
02/24/2009 | Committee substitute agreed to 092925332-H1 |
02/24/2009 | Engrossed by House - committee substitute SB1325H1 |
02/24/2009 | Passed House with substitute (97-Y 1-N) |
02/24/2009 | VOTE: --- PASSAGE (97-Y 1-N) (see vote tally) |
02/25/2009 | House substitute agreed to by Senate (36-Y 0-N) (see vote tally) |
02/25/2009 | Title replaced 092925332-H1 |
03/09/2009 | Enrolled |
03/09/2009 | Bill text as passed Senate and House (SB1325ER) |
03/10/2009 | Impact statement from DPB (SB1325ER) |
03/10/2009 | Signed by President |
03/11/2009 | Signed by Speaker |
03/30/2009 | Governor's recommendation received by Senate |
04/07/2009 | Placed on Calendar |
04/08/2009 | Enacted, Chapter 850 (effective 7/1/09) |
04/08/2009 | Senate concurred in Governor's recommendation (40-Y 0-N) (see vote tally) |
04/08/2009 | House concurred in Governor's recommendation (98-Y 0-N) |
04/08/2009 | VOTE: --- ADOPTION (98-Y 0-N) (see vote tally) |
04/08/2009 | G Governor's recommendation adopted |
04/08/2009 | Reenrolled |
04/08/2009 | Reenrolled bill text (SB1325ER2) |
04/08/2009 | Signed by President as reenrolled |
04/08/2009 | Signed by Speaker as reenrolled |
04/08/2009 | Enacted, Chapter 851 (effective 7/1/09) |
04/08/2009 | G Acts of Assembly Chapter text (CHAP0851) |
04/14/2009 | Reenrolled |
04/14/2009 | Reenrolled bill text (SB1325ER2) |