Virginia House Bill 1652 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 17 2020 - 25% progression, died in committee
Action: 2020-02-11 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]

Tax credit; agricultural best management practices. Creates an enhanced individual and corporate income tax credit beginning in taxable year 2020 for the implementation of certain agricultural best management practices by the taxpayer that are required as part of a certified resource management plan. The enhanced tax credit is equal to 75 percent of the first $100,000 expended in implementing certain agricultural best management practices, and each amount shall be consistent with the rate offered for each eligible practice under the Virginia Agricultural Best Management Practices Cost-Share Program. The amount of the enhanced credit shall not exceed $75,000. The bill retains a tax credit for 25 percent of expenses made for all other agricultural best management practices that are not eligible for the enhanced credit rate, but increases the maximum amount of expenses to which one can apply the 25 percent credit to $100,000.

Income tax, state and corporate; tax credit, agricultural best management practices.

Del. Tony Wilt [R]

Del. David Bulova [D]

2020-02-05 - House - House: Reported from Finance with substitute (18-Y 4-N) (Y: 18 N: 4 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (18-Y 4-N) (Y: 18 N: 4 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (18-Y 4-N) (Y: 18 N: 4 NV: 0 Abs: 0) [PASS]
2020-02-03 - House - House: Subcommittee recommends reporting with substitute (4-Y 3-N) (Y: 4 N: 3 NV: 4 Abs: 0) [FAIL]

Date	Chamber	Action
2020-02-11	House	Left in Appropriations
2020-02-05	House	Referred to Committee on Appropriations
2020-02-05	House	Reported from Finance with substitute (18-Y 4-N)
2020-02-05	House	Committee substitute printed 20106501D-H1
2020-02-03	House	Subcommittee recommends referring to Committee on Appropriations
2020-02-03	House	Subcommittee recommends reporting with substitute (4-Y 3-N)
2020-01-29	House	Assigned Finance sub: Subcommittee #1
2020-01-17	House	Referred to Committee on Finance
2020-01-17	House	Presented and ordered printed 20103764D

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.3	(n/a)	See Bill Text
58	1	439.5	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1652
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1652+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1652H1+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H1001V0036+HB1652
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0071+HB1652
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0173+HB1652
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0222+HB1652