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