Income tax, corporate; tax credits for donations to non-profit organizations, etc. (HB321)

Introduced By

Del. Jimmie Massie (R-Richmond) with support from 56 copatrons, whose average partisan position is:

Those copatrons are Del. Dave Albo (R-Springfield), Del. Rich Anderson (R-Woodbridge), Del. Dickie Bell (R-Staunton), Del. Rob Bell (R-Charlottesville), Del. Kathy Byron (R-Lynchburg), Del. Ben Cline (R-Amherst), Del. Mark Cole (R-Fredericksburg), Del. Barbara Comstock (R-McLean), Del. John A. Cox (R-Ashland), Del. Kirk Cox (R-Colonial Heights), Del. Matt Fariss (R-Rustburg), Del. Peter Farrell (R-Henrico), Del. Scott Garrett (R-Lynchburg), Del. Todd Gilbert (R-Woodstock), Del. Tag Greason (R-Potomac Falls), Del. Greg Habeeb (R-Salem), Del. Chris Head (R-Roanoke), Del. Gordon Helsel (R-Poquoson), Del. Keith Hodges (R-Urbanna), Del. Algie Howell (D-Norfolk), Del. Bill Howell (R-Fredericksburg), Del. Sal Iaquinto (R-Virginia Beach), Del. Riley Ingram (R-Hopewell), Del. Chris Jones (R-Suffolk), Del. Terry Kilgore (R-Gate City), Del. Barry Knight (R-Virginia Beach), Del. Steve Landes (R-Weyers Cave), Del. Jim LeMunyon (R-Oak Hill), Del. Scott Lingamfelter (R-Woodbridge), Del. Manoli Loupassi (R-Richmond), Del. Bob Marshall (R-Manassas), Del. Danny Marshall (R-Danville), Del. Joe May (R-Leesburg), Del. Randy Minchew (R-Leesburg), Del. Rick Morris (R-Carrollton), Del. Bobby Orrock (R-Thornburg), Del. John O'Bannon (R-Richmond), Del. Chris Peace (R-Mechanicsville), Del. Brenda Pogge (R-Williamsburg), Del. Charles Poindexter (R-Glade Hill), Del. Bob Purkey (R-Virginia Beach), Del. Lacey Putney (I-Bedford), Del. David Ramadan (R-South Riding), Del. Margaret Ransone (R-Kinsale), Del. Roxann Robinson (R-Chesterfield), Del. Nick Rush (R-Christiansburg), Del. Beverly Sherwood (R-Winchester), Del. Chris Stolle (R-Virginia Beach), Del. Bob Tata (R-Virginia Beach), Del. Ron Villanueva (R-Virginia Beach), Del. Mike Watson (R-Williamsburg), Del. Michael Webert (R-Marshall), Del. Tony Wilt (R-Harrisonburg), Del. David Yancey (R-Newport News), Sen. John Cosgrove (R-Chesapeake), Sen. Mark Obenshain (R-Harrisonburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Income tax; educational improvement scholarships tax credits.  Establishes a credit beginning in taxable year 2012 for corporations donating cash or property to nonprofit organizations providing education improvement scholarships to students who would have been eligible for the free and reduced lunch program under federal law, in order for them to attend nonpublic elementary or secondary schools. Nonprofit organizations to which donations are made would be required to distribute at least 90 percent of their tax-credit-derived funds for such scholarships. The credit would equal 70 percent of the donation made by the corporation and would be refundable. Any corporation taking a charitable deduction on its federal income tax return would be required to add that amount back to its Virginia taxable income in order to receive the credit. There is a $25 million annual cap for the credits. Read the Bill »


Bill Has Passed


01/10/2012Prefiled and ordered printed; offered 01/11/12 12101085D
01/10/2012Referred to Committee on Appropriations
01/16/2012Referred from Appropriations
01/16/2012Referred to Committee on Finance
02/06/2012Impact statement from TAX (HB321)
02/07/2012Assigned Finance sub: #3
02/10/2012Subcommittee recommends reporting with amendment(s) (4-Y 1-N)
02/10/2012Reported from Finance with amendments (15-Y 7-N) (see vote tally)
02/12/2012Read first time
02/13/2012Read second time
02/13/2012Committee amendments agreed to
02/13/2012Engrossed by House as amended HB321E
02/13/2012Printed as engrossed 12101085D-E
02/14/2012Read third time and passed House (64-Y 35-N)
02/14/2012VOTE: PASSAGE (64-Y 35-N) (see vote tally)
02/15/2012Constitutional reading dispensed
02/15/2012Referred to Committee on Finance
02/20/2012Impact statement from TAX (HB321E)
02/28/2012Committee substitute printed 12105687D-S1
02/28/2012Reported from Finance with substitute (8-Y 6-N) (see vote tally)
02/29/2012Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/29/2012Read third time
02/29/2012Reading of substitute waived
02/29/2012Committee substitute agreed to 12105687D-S1
02/29/2012Engrossed by Senate - committee substitute HB321S1
02/29/2012Passed Senate with substitute (20-Y 20-N) (see vote tally)
02/29/2012Chair votes Yes
02/29/2012Placed on Calendar
02/29/2012Passed by temporarily
02/29/2012Senate substitute agreed to by House 12105687D-S1 (54-Y 37-N)
02/29/2012VOTE: ADOPTION (54-Y 37-N) (see vote tally)
03/05/2012Bill text as passed House and Senate (HB321ER)
03/05/2012Signed by Speaker
03/07/2012Signed by President
03/21/2012Impact statement from TAX (HB321ER)
04/09/2012Governor's recommendation received by House
04/17/2012Placed on Calendar
04/18/2012House concurred in Governor's recommendation #'s 1, 2, 3 and 5 (58-Y 37-N)
04/18/2012VOTE: ADOPTION (58-Y 37-N) (see vote tally)
04/18/2012House rejected Governor's recommendation # 4 (1-Y 93-N)
04/18/2012VOTE: REJECTED (1-Y 93-N) (see vote tally)
04/18/2012Senate concurred in Governor's recommendation (19-Y 19-N) (see vote tally)
04/18/2012Chair vote Yes
04/18/2012G Governor's recommendation adopted in-part
04/18/2012Communicated to Governor
04/18/2012Reenrolled bill text (HB321ER2)
04/18/2012Signed by Speaker as reenrolled
04/18/2012Signed by President as reenrolled
05/18/2012G Approved by Governor-Chapter 842 (effective 7/1/12)
05/18/2012G Acts of Assembly Chapter text (CHAP0842)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 4 clips in all, totaling 27 minutes.