Livable home; increases allowable tax credit. (HB2099)

Introduced By

Del. David Bulova (D-Fairfax) with support from co-patron Del. Kaye Kory (D-Falls Church)

Progress

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

Description

Livable home tax credit. Increases from $1 million to $2 million, beginning in fiscal year 2024, the aggregate cap of tax credits allowed by the livable home tax credit in a fiscal year. The bill increases from $500,000 to $1 million, beginning in fiscal year 2024, the amount of credits allocated by the Department of Housing and Community Development to each of (i) the purchase or construction of new residences and (ii) the retrofitting and renovation of existing residences. The bill also increases from $5,000 to $6,500, beginning in taxable year 2023, the maximum amount of livable home tax credits an individual may claim in a taxable year. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2023Prefiled and ordered printed; offered 01/11/23 23102951D
01/10/2023Referred to Committee on Finance
01/19/2023Assigned Finance sub: Subcommittee #1
01/22/2023Impact statement from TAX (HB2099)
01/23/2023Subcommittee recommends reporting (8-Y 0-N)
01/23/2023Subcommittee recommends referring to Committee on Appropriations
01/25/2023Reported from Finance (20-Y 0-N) (see vote tally)
01/25/2023Referred to Committee on Appropriations
01/26/2023Assigned App. sub: Commerce Agriculture & Natural Resources
02/01/2023Subcommittee recommends reporting (8-Y 0-N)
02/01/2023Reported from Appropriations (22-Y 0-N) (see vote tally)
02/03/2023Read first time
02/06/2023Read second time and engrossed
02/07/2023Read third time and passed House (97-Y 2-N)
02/07/2023VOTE: Passage (97-Y 2-N) (see vote tally)
02/08/2023Constitutional reading dispensed
02/08/2023Referred to Committee on Finance and Appropriations
02/14/2023Reported from Finance and Appropriations (15-Y 0-N) (see vote tally)
02/14/2023Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/15/2023Read third time
02/15/2023Passed Senate (40-Y 0-N) (see vote tally)
02/20/2023Enrolled
02/20/2023Bill text as passed House and Senate (HB2099ER)
02/20/2023Signed by Speaker
02/21/2023Signed by President
03/02/2023Enrolled Bill communicated to Governor on March 2, 2023
03/02/2023G Governor's Action Deadline 11:59 p.m., March 27, 2023
03/02/2023Impact statement from TAX (HB2099ER)
03/23/2023G Approved by Governor-Chapter 444 (effective 7/1/23)
03/23/2023G Acts of Assembly Chapter text (CHAP0444)