Residences; grants for purchasing or expending money on existing property to improve accessibility. (SB62)

Introduced By

Sen. Toddy Puller (D-Mount Vernon) 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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/18/2013Prefiled and ordered printed; offered 01/08/14 14101954D
12/18/2013Referred to Committee on Finance
01/12/2014Impact statement from TAX (SB62)
02/04/2014Reported from Finance with substitute (17-Y 0-N) (see vote tally)
02/04/2014Committee substitute printed 14104734D-S1
02/05/2014Constitutional reading dispensed (40-Y 0-N)
02/06/2014Passed by for the day
02/07/2014Read second time
02/07/2014Reading of substitute waived
02/07/2014Committee substitute agreed to 14104734D-S1
02/07/2014Reading of amendments waived
02/07/2014Amendments by Senator Puller agreed to
02/07/2014Engrossed by Senate - committee substitute with amendments SB62ES1
02/07/2014Printed as engrossed 14104734D-ES1
02/10/2014Read third time and passed Senate (40-Y 0-N)
02/12/2014Placed on Calendar
02/12/2014Read first time
02/12/2014Referred to Committee on Finance
02/18/2014Assigned Finance sub: Subcommittee #2
02/18/2014Impact statement from DPB (SB62ES1)
02/19/2014Referred from Finance
02/19/2014Referred to Committee on Appropriations
03/04/2014Left in Appropriations

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 2 minutes.

Comments

VHC Admin writes:

VHC supports this bill. In the near future, adults ages 60 and older will outnumber school-aged children in many parts of the state. Virginia's housing stock must be prepared for the changing needs and new opportunities to come with this demographic shift known as the age wave. Accessibility and home modification supported by this tax credit are key examples of these changing needs.