Income tax credits; landlords participating in housing choice voucher programs. (SB458)
Introduced By
Sen. Don McEachin (D-Richmond)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax credits; landlords participating in housing choice voucher programs. Establishes an individual and corporate income tax credit beginning with the 2010 taxable year for landlords who participate in a housing choice voucher program. Eligible landlords would receive a tax credit equal to 10 percent of the fair market value of the rent for each qualified housing unit. Qualified housing units would be dwelling units located in the Richmond Metropolitan Statistical Area that are included in a housing choice voucher program.
The Department of Housing and Community Development would administer the tax credit. The Department would not be allowed to issue more than $400,000 in tax credits in any fiscal year. Tax credits would be allowed only for that portion of the taxable year in which a dwelling unit was included in a housing choice voucher program. The bill provides a five-year carryforward period for unused tax credits. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/13/2010 | Prefiled and ordered printed; offered 01/13/10 10103904D |
01/13/2010 | Referred to Committee on Finance |
01/25/2010 | Impact statement from DPB (SB458) |
02/03/2010 | Reported from Finance with amendments (15-Y 0-N) (see vote tally) |
02/04/2010 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/08/2010 | Read second time |
02/08/2010 | Reading of amendments waived |
02/08/2010 | Committee amendments agreed to |
02/08/2010 | Engrossed by Senate as amended SB458E |
02/08/2010 | Printed as engrossed 10103904D-E |
02/09/2010 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/11/2010 | Impact statement from DPB (SB458E) |
02/17/2010 | Placed on Calendar |
02/17/2010 | Read first time |
02/17/2010 | Referred to Committee on Finance |
02/19/2010 | Assigned Finance sub: #2 |
02/22/2010 | Reported from Finance with amendment (21-Y 1-N) (see vote tally) |
02/23/2010 | Read second time |
02/24/2010 | Passed by for the day |
02/25/2010 | Read third time |
02/25/2010 | Passed by for the day |
02/26/2010 | Read third time |
02/26/2010 | Committee amendment rejected |
02/26/2010 | Amendment by Delegate McClellan agreed to |
02/26/2010 | Engrossed by House as amended |
02/26/2010 | Passed House with amendment (94-Y 1-N) |
02/26/2010 | VOTE: --- PASSAGE (94-Y 1-N) (see vote tally) |
03/02/2010 | House amendment agreed to by Senate (40-Y 0-N) (see vote tally) |
03/10/2010 | Enrolled |
03/10/2010 | Bill text as passed Senate and House (SB458ER) |
03/10/2010 | Signed by Speaker |
03/12/2010 | Signed by President |
03/30/2010 | Impact statement from DPB (SB458ER) |
04/11/2010 | G Approved by Governor-Chapter 608 (effective 7/1/10) |
04/11/2010 | G Acts of Assembly Chapter text (CHAP0608) |
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 3 minutes.