Income tax, state; homebuyer tax credit. (SB906)
Introduced By
Sen. Walter Stosch (R-Glen Allen) with support from co-patrons Del. Riley Ingram (R-Hopewell), Del. Jimmie Massie (R-Richmond), Del. John O'Bannon (R-Richmond), Del. Chris Peace (R-Mechanicsville), and Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; homebuyer tax credit. Provides an income tax credit equal to $2,500 for single taxpayers and $5,000 for married taxpayers filing jointly for taxable years beginning on or after January 1, 2009, but before January 1, 2011, who purchase a principal residence during that period. Any tax credit claimed would be recaptured if the taxpayer disposes of the principal residence within two years after purchase. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/05/2009 | Prefiled and ordered printed; offered 01/14/09 |
01/05/2009 | Prefiled and ordered printed; offered 01/14/09 092831332 |
01/05/2009 | Referred to Committee on Finance |
01/16/2009 | Impact statement from TAX (SB906) |
02/04/2009 | Reported from Finance with substitute (15-Y 1-N) (see vote tally) |
02/04/2009 | Committee substitute printed 092914212-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 092914212-S1 |
02/06/2009 | Reading of amendment waived |
02/06/2009 | Amendment by Senator Stosch agreed to |
02/06/2009 | Engrossed by Senate - committee substitute with amendment SB906ES1 |
02/06/2009 | Printed as engrossed 092914212-ES1 |
02/09/2009 | Read third time and passed Senate (38-Y 2-N) (see vote tally) |
02/10/2009 | Impact statement from TAX (SB906ES1) |
02/11/2009 | Placed on Calendar |
02/11/2009 | Read first time |
02/11/2009 | Referred to Committee on Finance |
02/28/2009 | Left in Finance |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.