Neighborhood assistance tax; tax credit percentage for business firm or an individual. (HB1701)

Introduced By

Del. Tony Wilt (R-Harrisonburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Neighborhood assistance tax credits; tax credit percentage. Provides that a business firm or an individual making a qualified donation may by written agreement accept a tax credit of less than 65 percent for such donation. Under current law, a business firm and an individual are allowed a tax credit equal to 65 percent of the value of any qualifying donation made to a neighborhood organization. If a business firm or individual accepts a tax credit of less than 65 percent, the neighborhood organization must include the written agreement in the tax credit certification materials it provides to the Superintendent of Public Instruction or the Commissioner of the State Department of Social Services. The bill also provides that no credit will be granted for any donation with a value of less than $625. The provisions of the bill are effective beginning with the 2015 taxable year. Read the Bill »


Bill Has Passed


01/12/2015Prefiled and ordered printed; offered 01/14/15 15101805D
01/12/2015Referred to Committee on Finance
01/20/2015Assigned Finance sub: Subcommittee #2
01/20/2015Impact statement from TAX (HB1701)
01/21/2015Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
01/26/2015Reported from Finance with amendment (22-Y 0-N) (see vote tally)
01/27/2015Read first time
01/28/2015Read second time
01/28/2015Committee amendment agreed to
01/28/2015Engrossed by House as amended HB1701E
01/28/2015Printed as engrossed 15101805D-E
01/29/2015Read third time and passed House (95-Y 2-N 1-A)
01/29/2015VOTE: PASSAGE (95-Y 2-N 1-A) (see vote tally)
01/30/2015Constitutional reading dispensed
01/30/2015Referred to Committee on Finance
02/09/2015Impact statement from TAX (HB1701E)
02/11/2015Reported from Finance (14-Y 0-N) (see vote tally)
02/12/2015Constitutional reading dispensed (37-Y 0-N) (see vote tally)
02/13/2015Read third time
02/13/2015Passed Senate (36-Y 0-N) (see vote tally)
02/18/2015Bill text as passed House and Senate (HB1701ER)
02/18/2015Signed by Speaker
02/19/2015Impact statement from TAX (HB1701ER)
02/20/2015Signed by President
02/23/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/23/2015Enrolled Bill communicated to Governor on 2/23/15
02/23/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/10/2015G Approved by Governor-Chapter 56 (effective 1/1/15)
03/10/2015G Acts of Assembly Chapter text (CHAP0056)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 3 clips in all, totaling 6 minutes.