Neighborhood assistance tax credits; increases percentage of persons served by organization. (HB737)

Introduced By

Del. John O'Bannon (R-Richmond)

Progress

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

Description

Neighborhood Assistance tax credits; percentage increase. Increases the percentage of persons served by a neighborhood organization and who are low-income, as defined in 58.1-439.18, from 40% to 50%, for purposes of applying to the Department of Social Services for an allocation of neighborhood assistance tax credits for use by business firms making donations to the neighborhood organization. Amends § 58.1-439.20, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2014Committee
01/07/2014Prefiled and ordered printed; offered 01/08/14 14103124D
01/07/2014Referred to Committee on Finance
01/13/2014Assigned Finance sub: Subcommittee #2
01/14/2014Impact statement from TAX (HB737)
01/15/2014Subcommittee recommends reporting (10-Y 0-N)
01/20/2014Reported from Finance (21-Y 0-N) (see vote tally)
01/21/2014Read first time
01/22/2014Read second time and engrossed
01/23/2014Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/23/2014VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
01/24/2014Constitutional reading dispensed
01/24/2014Referred to Committee on Finance
02/07/2014Impact statement from TAX (HB737)
02/19/2014Reported from Finance (16-Y 0-N) (see vote tally)
02/20/2014Constitutional reading dispensed (40-Y 0-N)
02/21/2014Read third time
02/21/2014Passed Senate (40-Y 0-N)
02/25/2014Enrolled
02/25/2014Bill text as passed House and Senate (HB737ER)
02/25/2014Signed by Speaker
02/27/2014Signed by President
03/06/2014Impact statement from TAX (HB737ER)
03/31/2014G Approved by Governor-Chapter 416 (effective 7/1/14)
03/31/2014G Acts of Assembly Chapter text (CHAP0416)

Video

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 35 seconds.

Comments

VHC Admin writes:

VHC supports this bill that increases the percentage of low-income Virginians served by NAP credits.