Neighborhood assistance tax credits; reduces amount of credit of value for certain donations. (SB1137)
Introduced By
Sen. Monty Mason (D-Williamsburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Neighborhood assistance tax credits. Reduces the amount of the tax credit from 65 percent of the value of donations to neighborhood organizations for taxable years 2012 through 2017 to (i) 60 percent of such donations for taxable year 2018, (ii) 55 percent of such donations for taxable year 2019, and (iii) 50 percent of such donations for taxable years 2020 and thereafter. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/09/2017 | Prefiled and ordered printed; offered 01/11/17 17102283D |
01/09/2017 | Referred to Committee on Finance |
01/22/2017 | Impact statement from TAX (SB1137) |
01/31/2017 | Passed by indefinitely in Finance (15-Y 0-N) (see vote tally) |