Neighborhood Assistance Act Tax Credit; allocation to certain organizations. (HB1433)

Introduced By

Del. Peter Farrell (R-Henrico)

Progress

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

Description

Neighborhood Assistance Act Tax Credit. Modifies the requirement that at least 10 percent of all available tax credits be allocated to organizations that have not previously received tax credits by providing that the allocation for such organizations is required only if the General Assembly increases the amount of available credits year over year. The bill requires that the allocation be at least 10 percent of credits created by the increase rather than 10 percent of all available credits. Current law limits credits to $9 million for education proposals approved by the Superintendent of Public Instruction and $8 million for proposals approved by the Commissioner of Social Services. Amends § 58.1-439.20, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
11/16/2016Committee
11/16/2016Prefiled and ordered printed; offered 01/11/17 17100793D
11/16/2016Referred to Committee on Finance
01/11/2017Assigned Finance sub: Subcommittee #2
01/15/2017Impact statement from TAX (HB1433)
01/18/2017Subcommittee recommends reporting (10-Y 0-N)
01/23/2017Reported from Finance (20-Y 2-N) (see vote tally)
01/24/2017Read first time
01/25/2017Read second time and engrossed
01/26/2017Read third time and passed House (91-Y 8-N)
01/26/2017VOTE: PASSAGE (91-Y 8-N) (see vote tally)
01/27/2017Constitutional reading dispensed
01/27/2017Referred to Committee on Finance
02/03/2017Impact statement from TAX (HB1433)
02/07/2017Reported from Finance (15-Y 0-N) (see vote tally)
02/08/2017Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/09/2017Read third time
02/09/2017Passed Senate (40-Y 0-N) (see vote tally)
02/13/2017Enrolled
02/13/2017Bill text as passed House and Senate (HB1433ER)
02/13/2017Impact statement from TAX (HB1433ER)
02/13/2017Signed by Speaker
02/13/2017Signed by President
02/14/2017Enrolled Bill communicated to Governor on 2/14/17
02/14/2017G Governor's Action Deadline Midnight, February 21, 2017
02/17/2017Governor's recommendation received by House
02/22/2017Placed on Calendar
02/22/2017House concurred in Governor's recommendation (100-Y 0-N)
02/22/2017VOTE: ADOPTION EMERGENCY (100-Y 0-N) (see vote tally)
02/23/2017Assigned Chapter 147 (effective 2/23/17)
02/23/2017Enacted, Chapter 147 (effective 7/1/16)
02/23/2017Senate concurred in Governor's recommendation (39-Y 0-N) (see vote tally)
02/23/2017G Emergency clause added by Governor's recommendation
02/23/2017G Governor's recommendation adopted
02/23/2017Reenrolled
02/23/2017Reenrolled bill text (HB1433ER2)
02/23/2017Signed by Speaker as reenrolled
02/23/2017Signed by President as reenrolled
02/23/2017Enacted, Chapter 147 (effective 2/23/17)
02/23/2017G Acts of Assembly Chapter text (CHAP0147)

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 2 minutes.

Transcript

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



Del. Bill Howell (R-Fredericksburg): SHALL THE BILLS BE ENGROSSED AND PASSED TO THE THIRD READING? AS MANY AS FAVOR THAT MOTION WILL SAY AYE. THOSE OPPOSED, NO. THE BILLS ARE ENGROSSED AND PASSED TO THE THIRD READING.

[Unknown]: CONTINUING WITH TODAY'S CALENDAR, NEXT CATEGORY, HOUSE BILLS ON SECOND READING, REGULAR, PAGE 29 OF PRINTED CALENDAR, HOUSE BILL 1628 HAS BEEN TAKEN BY UNTIL NEXT WEEK. HOUSE BILL 1440 ON PAGE 30 OF THE PRINTED CALENDAR HAS ALREADY BEEN TAKEN BY FOR TODAY. SO FIRST UP IS HOUSE BILL 1466, A BILL TO AMEND AND REENACT A SECTION OF THE CODE RELATING TO