Neighborhood assistance tax credit program; low-income persons. (HB1252)

Introduced By

Del. David Yancey (R-Newport News) with support from co-patron Sen. Monty Mason (D-Williamsburg)

Progress

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

Description

Neighborhood assistance tax credits; low-income persons. Reduces from 300 percent to 180 percent of the poverty guidelines the maximum family annual household income for a person to be deemed a low-income person for whom services provided by a neighborhood organization may be funded under the neighborhood assistance tax credit program. Under the program, businesses and individuals are issued tax credits for donations to federal tax-exempt 501(c)(3) and 501(c)(4) nonprofit organizations undertaking programs for which at least 50 percent of the persons served under the program are low-income. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/19/2016Presented and ordered printed 16103798D
01/19/2016Referred to Committee on Finance
02/01/2016Impact statement from TAX (HB1252)
02/02/2016Assigned to sub: Subcommittee #1
02/02/2016Assigned Finance sub: Subcommittee #1
02/08/2016Reported from Finance (19-Y 3-N) (see vote tally)
02/09/2016Read first time
02/10/2016Passed by for the day
02/11/2016Passed by for the day
02/12/2016Passed by for the day
02/15/2016Motion to rerefer to committee agreed to
02/15/2016Rereferred to Finance
02/17/2016Left in Finance