VA HB1203 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 2 2024 - 100% progression
Action: 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0322)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 2 2024 - 100% progression
Action: 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0322)
Text: Latest bill text (Chaptered) [HTML]
Summary
Tax credit for participating landlords. Increases from $250,000 to $500,000 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 2025 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 $500,000, the Department of Housing and Community Development will prorate the tax credits among the qualified applicants. The bill also creates a pilot program that earmarks $100,000 for tax credits provided to a participating landlord renting a qualified housing unit in an eligible non-metropolitan census tract, as those terms are defined in the bill. Tax credit for participating landlords. Increases from $250,000 to $500,000 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 2025 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 $500,000, the Department of Housing and Community Development will prorate the tax credits among the qualified applicants. The bill also creates a pilot program that earmarks $100,000 for tax credits provided to a participating landlord renting a qualified housing unit in an eligible non-metropolitan census tract, as those terms are defined in the bill.
Title
Landlords, participating; increases tax credit that may be issued.
Sponsors
Roll Calls
2024-02-28 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-27 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-27 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-09 - House - House: VOTE: Passage (83-Y 13-N) (Y: 83 N: 13 NV: 0 Abs: 4) [PASS]
2024-02-05 - House - House: Reported from Appropriations with substitute (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-02 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
2024-01-31 - House - House: Reported from Finance with substitute (13-Y 9-N) (Y: 13 N: 9 NV: 0 Abs: 0) [PASS]
2024-01-29 - House - House: Subcommittee recommends reporting with substitute (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 1) [PASS]
2024-02-27 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-27 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-09 - House - House: VOTE: Passage (83-Y 13-N) (Y: 83 N: 13 NV: 0 Abs: 4) [PASS]
2024-02-05 - House - House: Reported from Appropriations with substitute (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-02 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
2024-01-31 - House - House: Reported from Finance with substitute (13-Y 9-N) (Y: 13 N: 9 NV: 0 Abs: 0) [PASS]
2024-01-29 - House - House: Subcommittee recommends reporting with substitute (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-02 | Governor: Acts of Assembly Chapter text (CHAP0322) | |
| 2024-04-02 | Governor: Approved by Governor-Chapter 322 (effective 7/1/24) | |
| 2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-11 | House | Enrolled Bill communicated to Governor on March 11, 2024 |
| 2024-03-05 | House | Bill text as passed House and Senate (HB1203ER) |
| 2024-03-05 | House | Enrolled |
| 2024-02-28 | Senate | Passed Senate (39-Y 0-N) |
| 2024-02-28 | Senate | Read third time |
| 2024-02-27 | Senate | Reported from Finance and Appropriations (15-Y 0-N) |
| 2024-02-27 | Senate | Constitutional reading dispensed (39-Y 0-N) |
| 2024-02-12 | Senate | Referred to Committee on Finance and Appropriations |
| 2024-02-12 | Senate | Constitutional reading dispensed |
| 2024-02-09 | House | VOTE: Passage (83-Y 13-N) |
| 2024-02-09 | House | Read third time and passed House (83-Y 13-N) |
| 2024-02-08 | House | Engrossed by House - committee substitute HB1203H2 |
| 2024-02-08 | House | Committee on Appropriations substitute agreed to 24107063D-H2 |
| 2024-02-08 | House | Committee from Finance substitute rejected 24106413D-H1 |
| 2024-02-08 | House | Read second time |
| 2024-02-07 | House | Read first time |
| 2024-02-05 | House | Committee substitute printed 24107063D-H2 |
| 2024-02-05 | House | Reported from Appropriations with substitute (21-Y 0-N) |
| 2024-02-02 | House | Subcommittee recommends reporting (8-Y 0-N) |
| 2024-01-31 | House | Committee substitute printed 24106413D-H1 |
| 2024-01-31 | House | Assigned App. sub: Commerce Agriculture & Natural Resources |
| 2024-01-31 | House | Referred to Committee on Appropriations |
| 2024-01-31 | House | Reported from Finance with substitute (13-Y 9-N) |
| 2024-01-29 | House | Subcommittee recommends referring to Committee on Appropriations |
| 2024-01-29 | House | Subcommittee recommends reporting with substitute (5-Y 3-N) |
| 2024-01-25 | House | Assigned Finance sub: Subcommittee #1 |
| 2024-01-10 | House | Referred to Committee on Finance |
| 2024-01-10 | House | Prefiled and ordered printed; offered 01/10/24 24103177D |
