Income tax, state; sunset provision for tax credit for contributions to political candidates. (HB22)

Introduced By

Del. Peter Farrell (R-Henrico) with support from co-patron Del. Tim Hugo (R-Centreville)

Progress

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

Description

Tax credit for contributions to political candidates; expiration. Sunsets the individual income tax credit for contributions to political candidates beginning with taxable year 2017. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
11/16/2015Prefiled and ordered printed; offered 01/13/16 16100187D
11/16/2015Committee
11/16/2015Committee
11/16/2015Prefiled and ordered printed; offered 01/13/16 16100187D
11/16/2015Referred to Committee on Finance
01/15/2016Impact statement from TAX (HB22)
01/15/2016Assigned to sub: Subcommittee Subcommittee #1
01/15/2016Assigned to sub: Subcommittee #1
01/15/2016Assigned Finance sub: Subcommittee #1
01/20/2016Subcommittee recommends reporting (9-Y 1-N)
02/01/2016Reported from Finance (15-Y 7-N) (see vote tally)
02/02/2016Read first time
02/03/2016Read second time and engrossed
02/04/2016Read third time and passed House (68-Y 28-N)
02/04/2016VOTE: PASSAGE (68-Y 28-N) (see vote tally)
02/05/2016Constitutional reading dispensed
02/05/2016Referred to Committee on Finance
02/11/2016Impact statement from TAX (HB22)
02/17/2016Reported from Finance (13-Y 0-N) (see vote tally)
02/18/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/19/2016Read third time
02/19/2016Passed Senate (35-Y 4-N) (see vote tally)
02/22/2016Enrolled
02/22/2016Bill text as passed House and Senate (HB22ER)
02/22/2016Signed by Speaker
02/22/2016Signed by President
02/22/2016Enrolled Bill communicated to Governor on 2/22/16
02/22/2016G Governor's Action Deadline Midnight, February 29, 2016
02/23/2016Impact statement from TAX (HB22ER)
02/29/2016G Approved by Governor-Chapter 50 (effective 7/1/16)
02/29/2016G Acts of Assembly Chapter text (CHAP0050)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.

Transcript

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



Del. Bill Howell (R-Fredericksburg): ALL IN FAVOR OF THE MOTION WILL RECORD THEIR VOTES AYE, THOSE OPPOSED NO. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY OF THE SENATORS DESIRE TO CHANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL.

[Unknown]: AYES 35, NOS FOUR. AYES 35, NOS FOUR, THE BILL PASSES. >> HOUSE BILL 742, A BILL RELATING TO ELIGIBILITY FOR NEIGHBORHOOD ASSISTANCE PROGRAM TAX CREDITS. REPORTED FROM THE COMMITTEE ON FINANCE WITH A SUBSTITUTE. SENATOR FROM AUGUSTA, SENATOR HANGER.