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

DateAction
01/09/2017Prefiled and ordered printed; offered 01/11/17 17102283D
01/09/2017Referred to Committee on Finance
01/22/2017Impact statement from TAX (SB1137)
01/31/2017Passed by indefinitely in Finance (15-Y 0-N) (see vote tally)