Income tax, state; credit for donation to public access authority. (HB2483)

Introduced By

Del. Keith Hodges (R-Urbanna)

Progress

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

Description

Income tax credit for donation to public access authority. Establishes for taxable years 2019 through 2023 a nonrefundable income tax credit in the amount of 40 percent of a donation to a public access authority. A credit would be allowed only for a donation to a public access authority that owns an aggregate of at least 200 acres of real property located on a waterfront and available for use by the general public The amount of credit claimed per year shall not exceed $20,000, but unused credit may be carried forward for three years. The aggregate amount of available credits is limited to $5 million per year. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2019Committee
01/09/2019Prefiled and ordered printed; offered 01/09/19 19100323D
01/09/2019Referred to Committee on Finance
01/15/2019Assigned Finance sub: Subcommittee #1
01/15/2019Impact statement from TAX (HB2483)
01/23/2019Subcommittee recommends striking from docket (8-Y 0-N)
02/05/2019Left in Finance

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