Income tax credits; landlords participating in housing choice voucher programs. (HB764)

Introduced By

Sen. Jennifer McClellan (D-Richmond) with support from co-patrons Del. Delores McQuinn (D-Richmond), Del. Chris Peace (R-Mechanicsville), and Del. Jeion Ward (D-Hampton)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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. Amends § 36-55.63, § 58.1-435, § 58.1-439.12:03, of the Code of Virginia. Read the Bill »


Bill Has Passed


01/12/2010Prefiled and ordered printed; offered 01/13/10 10103923D
01/12/2010Referred to Committee on Finance
01/19/2010Assigned Finance sub: #3
01/25/2010Assigned Finance sub: #3
01/25/2010Impact statement from DPB (HB764)
02/09/2010Subcommittee recommends reporting with amendment(s) (4-Y 0-N)
02/10/2010Reported from Finance with amendments (18-Y 4-N) (see vote tally)
02/12/2010Read first time
02/15/2010Read second time
02/15/2010Committee amendments 1, 2, 3 and 4 agreed to
02/15/2010Committee amendment #5 rejected
02/15/2010Committee amendment #5 reconsidered
02/15/2010Committee amendment #5 agreed to
02/15/2010Amendment by Delegate McClellan withdrawn
02/15/2010Engrossed by House as amended HB764E
02/15/2010Printed as engrossed 10103923D-E
02/16/2010Impact statement from DPB (HB764E)
02/16/2010Read third time and passed House (94-Y 4-N)
02/16/2010VOTE: --- PASSAGE (94-Y 4-N) (see vote tally)
02/17/2010Constitutional reading dispensed
02/17/2010Referred to Committee on General Laws and Technology
02/24/2010Rereferred from General Laws and Technology (13-Y 0-N) (see vote tally)
02/24/2010Rereferred to Finance
03/02/2010Reported from Finance with amendment (15-Y 0-N) (see vote tally)
03/03/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/03/2010Read third time
03/03/2010Reading of amendment waived
03/03/2010Committee amendment agreed to
03/03/2010Engrossed by Senate as amended
03/03/2010Passed Senate with amendment (39-Y 0-N) (see vote tally)
03/03/2010Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally)
03/03/2010Passed Senate with amendment (40-Y 0-N) (see vote tally)
03/03/2010Senate amendment agreed to by House (93-Y 3-N)
03/03/2010VOTE: --- ADOPTION (93-Y 3-N) (see vote tally)
03/10/2010Bill text as passed House and Senate (HB764ER)
03/11/2010Signed by Speaker
03/13/2010Signed by President
03/30/2010Impact statement from DPB (HB764ER)
04/11/2010G Approved by Governor-Chapter 520 (effective 7/1/10)
04/11/2010G Acts of Assembly Chapter text (CHAP0520)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 6 clips in all, totaling 9 minutes.

Duplicate Bills

The following bills are identical to this one: SB458.