Neighborhood Assistance Act Tax Credit; amends definition of impoverished people. (SB863)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Neighborhood Assistance Act Tax Credit; definition of impoverished people.  Amends the definition of "impoverished people." Currently the definition differs based on what type of proposal is being submitted by a nonprofit entity requesting an allocation of tax credits under the Neighborhood Assistance Act Tax Credit. This legislation would eliminate any differences and define "impoverished people" as individuals with family annual incomes not in excess of 200 percent of the current poverty guidelines. Read the Bill »


Bill Has Passed


01/10/2011Prefiled and ordered printed; offered 01/12/11 11102034D
01/10/2011Referred to Committee on Finance
01/17/2011Impact statement from TAX (SB863)
01/18/2011Reported from Finance (11-Y 0-N) (see vote tally)
01/19/2011Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/20/2011Read second time and engrossed
01/21/2011Read third time and passed Senate (35-Y 0-N) (see vote tally)
01/21/2011Reconsideration of passage agreed to by Senate (35-Y 0-N) (see vote tally)
01/21/2011Passed Senate (35-Y 0-N) (see vote tally)
02/07/2011Placed on Calendar
02/07/2011Read first time
02/07/2011Referred to Committee on Finance
02/08/2011Assigned Finance sub: #3
02/10/2011Impact statement from TAX (SB863)
02/11/2011Subcommittee recommends reporting (5-Y 0-N)
02/14/2011Reported from Finance (21-Y 1-N) (see vote tally)
02/15/2011Read second time
02/16/2011Read third time
02/16/2011Passed House (93-Y 4-N)
02/16/2011VOTE: PASSAGE (93-Y 4-N) (see vote tally)
02/21/2011Bill text as passed Senate and House (SB863ER)
02/21/2011Signed by Speaker
02/22/2011Signed by President
03/02/2011Impact statement from TAX (SB863ER)
03/21/2011G Approved by Governor-Chapter 312 (effective 7/1/11)
03/21/2011G Acts of Assembly Chapter text (CHAP0312)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 55 seconds.


Virginia Housing Coalition, tracking this bill in Photosynthesis, notes:

The Virginia Housing Coalition is lending its support to this bill.