Tax credits related to education; aggregate cap. (SB579)

Introduced By

Sen. Bill DeSteph (R-Virginia Beach)

Progress

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

Description

Tax credits related to education; aggregate cap. Allocates 20 percent of any unissued credits in a fiscal year under the Education Improvement Scholarships tax credit program to the Superintendent of Public Instruction to be allocated to education programs under the Neighborhood Assistance Act (§ 58.1-439.18 et seq.) tax credit program during the next fiscal year. The 20 percent of unissued credits would be added to the current $9 million cap for education programs under the Neighborhood Assistance Act tax credit program. The provisions of the bill are contingent on funding in a general appropriation act. Amends § 58.1-439.26, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2018Prefiled and ordered printed; offered 01/10/18 18103115D
01/09/2018Referred to Committee on Finance
01/20/2018Impact statement from TAX (SB579)
01/30/2018Reported from Finance with amendment (15-Y 0-N) (see vote tally)
01/31/2018Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/01/2018Read second time
02/01/2018Reading of amendment waived
02/01/2018Committee amendment agreed to
02/01/2018Engrossed by Senate as amended SB579E
02/01/2018Printed as engrossed 18103115D-E
02/02/2018Passed by temporarily
02/02/2018Read third time and passed Senate (20-Y 18-N) (see vote tally)
02/08/2018Placed on Calendar
02/08/2018Read first time
02/08/2018Referred to Committee on Appropriations
02/13/2018Impact statement from TAX (SB579E)
03/06/2018Left in Appropriations