Historic rehabilitation; limits amount of tax credits that may be claimed by each taxpayer. (SB1034)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Historic rehabilitation tax credit. Limits the amount of historic rehabilitation tax credits that may be claimed by each taxpayer to $5 million per year, including any amounts carried over from prior taxable years. The limit is in effect for taxable years beginning on and after January 1, 2017. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/04/2017 | Prefiled and ordered printed; offered 01/11/17 17101773D |
01/04/2017 | Referred to Committee on Finance |
01/14/2017 | Impact statement from TAX (SB1034) |
02/01/2017 | Reported from Finance with amendment (16-Y 0-N) (see vote tally) |
02/02/2017 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/03/2017 | Read second time |
02/03/2017 | Reading of amendment waived |
02/03/2017 | Committee amendment agreed to |
02/03/2017 | Engrossed by Senate as amended SB1034E |
02/03/2017 | Printed as engrossed 17101773D-E |
02/03/2017 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/03/2017 | Passed Senate (40-Y 0-N) (see vote tally) |
02/08/2017 | Placed on Calendar |
02/08/2017 | Read first time |
02/08/2017 | Referred to Committee on Finance |
02/09/2017 | Impact statement from TAX (SB1034E) |
02/13/2017 | Reported from Finance with amendment (21-Y 0-N) (see vote tally) |
02/14/2017 | Read second time |
02/15/2017 | Read third time |
02/15/2017 | Committee amendment agreed to |
02/15/2017 | Engrossed by House as amended |
02/15/2017 | Passed House with amendment (92-Y 5-N 1-A) |
02/15/2017 | VOTE: PASSAGE (92-Y 5-N 1-A) (see vote tally) |
02/15/2017 | House amendment rejected by Senate (8-Y 29-N 1-A) (see vote tally) |
02/15/2017 | House insisted on amendment |
02/15/2017 | House requested conference committee |
02/15/2017 | Senate acceded to request (36-Y 1-N) (see vote tally) |
02/15/2017 | Conferees appointed by Senate |
02/15/2017 | Senators: Howell, Hanger, Ruff |
02/15/2017 | Conferees appointed by House |
02/15/2017 | Delegates: Bloxom, Farrell, Sullivan |
02/23/2017 | C Amended by conference committee |
02/24/2017 | Conference report agreed to by Senate (33-Y 7-N) (see vote tally) |
02/24/2017 | Conference report agreed to by House (88-Y 4-N 1-A) |
02/24/2017 | VOTE: ADOPTION (88-Y 4-N 1-A) (see vote tally) |
03/07/2017 | Enrolled |
03/07/2017 | Bill text as passed Senate and House (SB1034ER) |
03/07/2017 | Signed by Speaker |
03/10/2017 | Signed by President |
03/13/2017 | Enrolled Bill Communicated to Governor on 3/13/17 |
03/13/2017 | G Governor's Action Deadline Midnight, March 27, 2017 |
03/24/2017 | G Approved by Governor-Chapter 721 (effective 7/1/17) |
03/24/2017 | G Acts of Assembly Chapter text (CHAP0721) |
05/03/2017 | Impact statement from TAX (SB1034ER) |
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.
The conference report distributed, available online and before the body.Del. Bill Howell (R-Fredericksburg): the gentleman from fairfax, Mr. Keene.
[Unknown]: thank you, Mr. Speaker. This was introduced by senator howell as a companion to a bill that was just passed yesterday by delegate bloxom. If you look at the language of senate bill 1034 which now the conference report adds a two year sunset from the one year. And house bill 246, 0, my mother would say -- so because of that it is a companion bill and I ask that the conference report be accepted.
Del. Bill Howell (R-Fredericksburg): shall the conference report be adopted? The clerk will close the roll. Ayes 88, nos 4.
[Unknown]: Members please sake your seats.