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

Bill Has Passed

History

DateAction
01/14/2009Prefiled and ordered printed; offered 01/14/09 092829332
01/14/2009Referred to Committee on Finance
01/23/2009Impact statement from DPB (SB1325)
02/04/2009Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/04/2009Committee substitute printed 092912332-S1
02/05/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/06/2009Read second time
02/06/2009Reading of substitute waived
02/06/2009Committee substitute agreed to 092912332-S1
02/06/2009Engrossed by Senate - committee substitute SB1325S1
02/09/2009Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/11/2009Placed on Calendar
02/11/2009Read first time
02/11/2009Referred to Committee on Finance
02/11/2009Assigned Finance sub: 1
02/16/2009Reported from Finance with substitute (16-Y 4-N) (see vote tally)
02/16/2009Committee substitute printed 092925332-H1
02/17/2009Motion to refer to committee agreed to
02/17/2009Referred to Committee on Appropriations
02/18/2009Impact statement from DPB (SB1325H1)
02/18/2009Reported from Appropriations (22-Y 0-N) (see vote tally)
02/20/2009Read second time
02/23/2009Passed by for the day
02/24/2009Read third time
02/24/2009Committee substitute agreed to 092925332-H1
02/24/2009Engrossed by House - committee substitute SB1325H1
02/24/2009Passed House with substitute (97-Y 1-N)
02/24/2009VOTE: --- PASSAGE (97-Y 1-N) (see vote tally)
02/25/2009House substitute agreed to by Senate (36-Y 0-N) (see vote tally)
02/25/2009Title replaced 092925332-H1
03/09/2009Enrolled
03/09/2009Bill text as passed Senate and House (SB1325ER)
03/10/2009Impact statement from DPB (SB1325ER)
03/10/2009Signed by President
03/11/2009Signed by Speaker
03/30/2009Governor's recommendation received by Senate
04/07/2009Placed on Calendar
04/08/2009Enacted, Chapter 850 (effective 7/1/09)
04/08/2009Senate concurred in Governor's recommendation (40-Y 0-N) (see vote tally)
04/08/2009House concurred in Governor's recommendation (98-Y 0-N)
04/08/2009VOTE: --- ADOPTION (98-Y 0-N) (see vote tally)
04/08/2009G Governor's recommendation adopted
04/08/2009Reenrolled
04/08/2009Reenrolled bill text (SB1325ER2)
04/08/2009Signed by President as reenrolled
04/08/2009Signed by Speaker as reenrolled
04/08/2009Enacted, Chapter 851 (effective 7/1/09)
04/08/2009G Acts of Assembly Chapter text (CHAP0851)
04/14/2009Reenrolled
04/14/2009Reenrolled bill text (SB1325ER2)