Neighborhood Assistance Act; increases amount of tax credits that may be issued under program. (SB563)

Introduced By

Sen. Walter Stosch (R-Glen Allen)

Progress

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

Description

Neighborhood Assistance Act Tax Credit Program. Increases by $500,000 in each of fiscal years 2015 and 2016 the amount of tax credits that may be issued under the tax credit program for both donations supporting education programs and donations supporting other than education programs. After the phase-in is completed, each fiscal year $9 million in tax credits could be issued for donations supporting education programs and $8 million in tax credits could be issued for donations supporting other than education programs. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2014Presented and ordered printed 14103242D
01/08/2014Referred to Committee on Finance
01/27/2014Impact statement from TAX (SB563)
01/29/2014Reported from Finance with substitute (17-Y 0-N) (see vote tally)
01/29/2014Committee substitute printed 14103722D-S1
01/30/2014Constitutional reading dispensed (40-Y 0-N)
01/31/2014Read second time
01/31/2014Reading of substitute waived
01/31/2014Committee substitute agreed to 14103722D-S1
01/31/2014Engrossed by Senate - committee substitute SB563S1
02/03/2014Read third time and passed Senate (40-Y 0-N)
02/07/2014Placed on Calendar
02/07/2014Read first time
02/07/2014Referred to Committee on Finance
02/07/2014Impact statement from TAX (SB563S1)
02/24/2014Reported from Finance (19-Y 0-N) (see vote tally)
02/24/2014Referred to Committee on Appropriations
02/25/2014Reported from Appropriations with substitute (21-Y 1-N) (see vote tally)
02/25/2014Committee substitute printed 14105319D-H1
02/26/2014Constitutional readings dispensed (99-Y 0-N)
02/26/2014VOTE: AGREE TO (99-Y 0-N) (see vote tally)
02/26/2014Committee substitute agreed to 14105319D-H1
02/26/2014Engrossed by House - committee substitute SB563H1
02/26/2014Passed House with substitute (96-Y 2-N 1-A)
02/26/2014VOTE: PASSAGE (96-Y 2-N 1-A) (see vote tally)
02/26/2014House substitute rejected by Senate (0-Y 39-N)
02/26/2014House insisted on substitute
02/26/2014House requested conference committee
02/26/2014Senate acceded to request (39-Y 0-N)
02/26/2014Conferees appointed by Senate
02/26/2014Senators: Stosch, Hanger, Puckett
02/26/2014Conferees appointed by House
02/26/2014Delegates: Jones, Massie, Joannou
03/03/2014C Amended by conference committee
03/03/2014Conference report agreed to by Senate (40-Y 0-N)
03/03/2014Senate requested second conference committee (40-Y 0-N)
03/04/2014House acceded to request for second conference committee
03/04/2014Second conferees appointed by Senate
03/04/2014Senators: Stosch, Hanger, Puckett
03/04/2014Second conferees appointed by House
03/04/2014Delegates: Jones, Massie, Joannou
03/05/2014Conference report agreed to by Senate (38-Y 0-N)
03/05/2014Conference report agreed to by House (97-Y 2-N)
03/05/2014VOTE: ADOPTION (97-Y 2-N) (see vote tally)
03/07/2014Enrolled
03/07/2014Bill text as passed Senate and House (SB563ER)
03/07/2014Signed by Speaker
03/10/2014Signed by President
03/13/2014Impact statement from TAX (SB563ER)
04/06/2014G Approved by Governor-Chapter 712 (effective 7/1/14)
04/06/2014G Acts of Assembly Chapter text (CHAP0712)

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 1 minute.

Comments

VHC Admin writes:

VHC supports an increase in NAP credits available for housing programs.

Jane Helfrich writes:

Richmond Metropolitan Habitat for Humanity supports the increase in tax credits.

Jane Helfrich writes:

I would also like to thank Senator Stosch for his support and leadership on the NAP tax credit issues.

Tom Carlson writes:

The Greater Fredericksburg Habitat for Humanity strongly supports this bill and urges the house to take swift action to pass it.