Neighborhood Assistance Act; increases maximum amount of tax credits that may be issued. (SB422)

Introduced By

Sen. Jill Holtzman Vogel (R-Winchester) with support from co-patron Sen. Siobhan Dunnavant (R-Henrico)

Progress

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

Description

Neighborhood Assistance Act tax credits. Increases from $9 million to $11 million the maximum amount of tax credits that may be issued each year by the Superintendent of Public Instruction for education-related programs and increases from $8 million to $11 million the maximum amount of tax credits that may be issued each year by the Commissioner of the State Department of Social Services for all other programs. The increases are effective beginning with fiscal year 2017. In addition, the bill eliminates the requirement that at least 10 percent of the available amount of neighborhood assistance tax credits each year must be reserved for nonprofit organizations that did not receive an allocation of such credits in the preceding year. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2016Prefiled and ordered printed; offered 01/13/16 16101917D
01/12/2016Referred to Committee on Finance
01/23/2016Impact statement from TAX (SB422)
02/10/2016Reported from Finance with amendment (14-Y 0-N) (see vote tally)
02/11/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/12/2016Read second time
02/12/2016Reading of amendment waived
02/12/2016Committee amendment agreed to
02/12/2016Engrossed by Senate as amended SB422E
02/12/2016Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/12/2016Passed Senate (37-Y 0-N) (see vote tally)
02/12/2016Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally)
02/12/2016Passed Senate (38-Y 0-N) (see vote tally)
02/12/2016Printed as engrossed 16101917D-E
02/17/2016Placed on Calendar
02/17/2016Read first time
02/17/2016Referred to Committee on Finance
02/26/2016Impact statement from TAX (SB422E)
03/08/2016Left in Finance

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 3 clips in all, totaling 3 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. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY SENATORS DESIRE TO CH ANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL.

Sen. Tommy Norment (R-Williamsburg): AYES 39, NOS 0.

[Unknown]: AYES 39, NOS 0. THE MOTION IS AGREED TO. THE SENATOR FROM -- MR. PRESIDENT, SENATOR HANGER HAVING PREVIOUSLY EXPLAINED THE BILL I WOULD ASK THAT SENATE BILL 422 PASS. THE REQUEST HE IS SHALL.

Del. Bill Howell (R-Fredericksburg): BILL: -- QUESTION IS SHALL SENATE BILL 422 PASS. ALL IN FAVOR OF THE MOTION WILL. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY SENATORS DESIRE TO CH ANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL.

[Unknown]: AYES 38, AYES 0. THE BILL PASSES. MR. PRESIDENT,.