Neighborhood assistance tax credits; allocation of credits. (HB1390)
Introduced By
Del. Kathy Byron (R-Lynchburg) with support from co-patron Del. Charles Poindexter (R-Glade Hill)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Neighborhood assistance tax credits. Eliminates the requirement that 10 percent of the available amount of neighborhood assistance tax credits each year be reserved for new organizations participating in the tax credit program and prohibits state agencies administering the program from (i) allocating tax credits to a neighborhood organization on the basis of the the dollar value of tax credits issued to the organization in a prior program year or (ii) employing a method for determining the maximum allocation of tax credits for any qualifying neighborhood organization that differs from the method employed for any other such organization. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/28/2016 | Unanimous consent to introduce |
01/28/2016 | Presented and ordered printed 16103833D |
01/28/2016 | Referred to Committee on Finance |
02/02/2016 | Assigned to sub: Subcommittee #1 |
02/02/2016 | Assigned Finance sub: Subcommittee #1 |
02/02/2016 | Impact statement from TAX (HB1390) |
02/03/2016 | Subcommittee recommends reporting (9-Y 0-N) |
02/08/2016 | Reported from Finance (22-Y 0-N) (see vote tally) |
02/09/2016 | Read first time |
02/10/2016 | Passed by for the day |
02/11/2016 | Read second time |
02/11/2016 | Motion to rerefer to committee agreed to |
02/11/2016 | Rereferred to Finance |
02/17/2016 | Left in Finance |