Landlords, participating; increases tax credit that may be issued. (HB1771)
Introduced By
Del. Rodney Willett (D-Henrico)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Tax credit for participating landlords. Increases from $250,000 to $1 million the maximum amount of tax credits that may be issued to participating landlords, as defined in relevant law, each fiscal year beginning with fiscal year 2024 and provides that, in the event that the amount of the qualified requests for tax credits for such participating landlords in the fiscal year exceeds $1 million, the Department of Housing and Community Development will prorate the tax credits among the qualified applicants. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/10/2023 | Prefiled and ordered printed; offered 01/11/23 23103139D |
| 01/10/2023 | Referred to Committee on Finance |
| 01/13/2023 | Assigned Finance sub: Subcommittee #3 |
| 01/19/2023 | Assigned Finance sub: Subcommittee #1 |
| 01/21/2023 | Impact statement from TAX (HB1771) |
| 01/23/2023 | Subcommittee failed to recommend reporting (3-Y 5-N) |
| 02/07/2023 | Left in Finance |