Neighborhood assistance tax credits; value of credit. (SB518)

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 neighborhood assistance tax credit from 65 percent to 50 percent of the value of donations to neighborhood organizations. The reduction will be phased in over a three-year period. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2018Prefiled and ordered printed; offered 01/10/18 18101941D
01/09/2018Referred to Committee on Finance
01/20/2018Impact statement from TAX (SB518)
01/23/2018Passed by indefinitely in Finance (16-Y 0-N) (see vote tally)