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)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/28/2016Unanimous consent to introduce
01/28/2016Presented and ordered printed 16103833D
01/28/2016Referred to Committee on Finance
02/02/2016Assigned to sub: Subcommittee #1
02/02/2016Assigned Finance sub: Subcommittee #1
02/02/2016Impact statement from TAX (HB1390)
02/03/2016Subcommittee recommends reporting (9-Y 0-N)
02/08/2016Reported from Finance (22-Y 0-N) (see vote tally)
02/09/2016Read first time
02/10/2016Passed by for the day
02/11/2016Read second time
02/11/2016Motion to rerefer to committee agreed to
02/11/2016Rereferred to Finance
02/17/2016Left in Finance