Income tax, state and corporate; tax credits for food crop donations to nonprofit food bank. (HB1093)

Introduced By

Del. Ben Cline (R-Amherst) with support from co-patrons Del. Eileen Filler-Corn (D-Fairfax Station), and Sen. Jennifer Boysko (D-Herndon)

Progress

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

Description

Income tax credit; food crop donations to a food bank. Establishes an individual and corporate income tax credit beginning in 2016 for food crops that are grown by a person engaged in the business of farming and donated by such person to a nonprofit food bank. The credit would equal 30 percent of the fair market value of the food crops donated by the person during the taxable year, not to exceed an aggregate of $5,000 for any taxable year. The bill defines food crops as grains, fruits, nuts, or vegetables. The Department of Taxation will administer the tax credit and may issue up to $1.75 million in tax credits each fiscal year. The bill provides for any unused credit to be carried forward for five years. The credit would sunset on January 1, 2021. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/13/2016Committee
01/13/2016Prefiled and ordered printed; offered 01/13/16 16102821D
01/13/2016Referred to Committee on Finance
01/23/2016Impact statement from TAX (HB1093)
02/08/2016Reported from Finance with amendment (21-Y 1-N) (see vote tally)
02/09/2016Read first time
02/10/2016Read second time
02/10/2016Committee amendment agreed to
02/10/2016Engrossed by House as amended HB1093E
02/10/2016Printed as engrossed 16102821D-E
02/11/2016Read third time and passed House (95-Y 1-N 1-A)
02/11/2016VOTE: PASSAGE (95-Y 1-N 1-A) (see vote tally)
02/12/2016Constitutional reading dispensed
02/12/2016Referred to Committee on Finance
02/17/2016Impact statement from TAX (HB1093E)
02/23/2016Reported from Finance with amendment (15-Y 0-N) (see vote tally)
02/24/2016Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/25/2016Read third time
02/25/2016Reading of amendment waived
02/25/2016Committee amendment agreed to
02/25/2016Engrossed by Senate as amended
02/25/2016Passed Senate with amendment (40-Y 0-N) (see vote tally)
02/26/2016Placed on Calendar
02/29/2016Senate amendment agreed to by House (97-Y 1-N)
02/29/2016VOTE: ADOPTION (97-Y 1-N) (see vote tally)
03/01/2016Enrolled
03/01/2016Bill text as passed House and Senate (HB1093ER)
03/01/2016Signed by Speaker
03/04/2016Signed by President
03/07/2016Impact statement from TAX (HB1093ER)
03/11/2016G Governor's Action Deadline Midnight, Monday, April 11, 2016
03/11/2016Enrolled Bill communicated to Governor on 3/11/16
03/11/2016G Governor's Action Deadline Midnight, Sunday, April 10, 2016
03/11/2016G Approved by Governor-Chapter 391 (effective 7/1/16)
03/11/2016G Acts of Assembly Chapter text (CHAP0391)
03/11/2016G Acts of Assembly Chapter text reprinted (CHAP0391)

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 40 seconds.

Transcript

This is a transcript of the video clips in which this bill is discussed.

HOUSE BILL 93 RELATING TO INCOME TAX CREDIT FOR DONATIONS OF FOOD CROPS. THE BILL PASSED THE HOUSE FEBRUARY 11TH. MR. CLIIN. THANK YOU, MR. SPEAKER. THE SENATE CHANGED THE DATE FROM 2021 TO 2022. I ASK YOU ACCEPT THE SENATE AMENDMENT. CLERK WILL CLOSE THE ROLL.