Virginia House Bill 1726 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2015 - 25% progression, died in committee
Action: 2015-02-10 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Enterprise zone real property investment grants. Allows investments in buildings that incorporate residential and commercial or industrial uses to qualify for an enterprise zone real property investment grant with regard to the portion of the investment associated with the exclusive commercial space, which is the area within the peripheral walls and ceiling of any portion of the building that is used for a commercial or industrial use. Currently, expenditures incurred with respect to all of a building with both residential uses and commercial or industrial uses may constitute a qualified real property investment only if at least 30 percent of the usable floor space will be devoted to commercial or industrial use. This measure provides that where less than 30 percent of the building's space will be devoted to commercial or industrial use, expenditures associated with the exclusive commercial space may nonetheless qualify for a grant under the enterprise zone program.

Enterprise zone real property; investment grants.

Del. Sam Rasoul [D]

Date	Chamber	Action
2015-02-10	House	Left in Appropriations
2015-01-28	House	Subcommittee recommends laying on the table by voice vote
2015-01-21	House	Assigned App. sub: Agriculture, Commerce, Technology and Natural Resources
2015-01-12	House	Referred to Committee on Appropriations
2015-01-12	House	Prefiled and ordered printed; offered 01/14/15 15103202D

Chapter	Article	Section	Citation Type	Statute Text
59	1	548	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?151+sum+HB1726
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+HB1726+hil