VA HB1014 | 2016 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 13 2016 - 25% progression, died in committee
Action: 2016-02-17 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 13 2016 - 25% progression, died in committee
Action: 2016-02-17 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Neighborhood Assistance Act tax credits. Increases from $9 million to $11 million the maximum amount of tax credits that may be issued each year by the Superintendent of Public Instruction for education-related programs and increases from $8 million to $11 million the maximum amount of tax credits that may be issued each year by the Commissioner of the State Department of Social Services for all other programs. The increases are effective beginning with fiscal year 2017. In addition, the bill eliminates the requirement that at least 10 percent of the available amount of neighborhood assistance tax credits each year must be reserved for nonprofit organizations that did not receive an allocation of such credits in the preceding year.
Title
Neighborhood Assistance Act; increases maximum amount of tax credits that may be issued.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2016-02-17 | House | Left in Finance |
2016-01-13 | House | Referred to Committee on Finance |
2016-01-13 | House | Prefiled and ordered printed; offered 01/13/16 16101916D |
Code Citations
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+HB1014 |
Text | https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1014+hil |