Neighborhood Assistance Act; tax credits to eligible neighborhood organizations. (SB1306)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Neighborhood Assistance Act tax credits; eligible neighborhood organizations. Provides that, in order to be eligible for an allocation of credits under the Neighborhood Assistance Act tax credit program from the Department of Social Services, at least 40 percent of the neighborhood organization's revenues must be used to provide services to low-income persons. Amends § 58.1-439.20, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/17/2013Presented and ordered printed 13103827D
01/17/2013Referred to Committee on Finance
01/21/2013Impact statement from DPB (SB1306)
01/29/2013Stricken at request of Patron in Finance (15-Y 0-N) (see vote tally)