Livable Home Tax Credit; increases total amount granted for program. (SB57)

Introduced By

Sen. Dave Marsden (D-Burke) with support from co-patron Sen. Adam Ebbin (D-Alexandria)

Progress

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

Description

Livable Home Tax Credit. Increases the total amount of tax credits granted for the Livable Home Tax Credit program in any fiscal year from $1 million to $2 million and increases the total amount of tax credits made available through the program allocated for purchase or construction of new residences from $500,000 to $1 million and the total amount allocated for retrofitting or renovation of existing residences from $500,000 to $1 million. The bill is a recommendation of the Virginia Disability Commission. Amends § 58.1-339.7, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/17/2013Prefiled and ordered printed; offered 01/08/14 14101879D
12/17/2013Referred to Committee on Finance
01/12/2014Impact statement from TAX (SB57)
02/11/2014Stricken at request of Patron in Finance (17-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB295.

Comments

VHC Admin writes:

VHC supports this bill. See our comment on identical bill SB62.

VHC Admin writes:

VHC supports this bill. See comment on identical bill SB57.