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