VA HB578 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 8 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Neighborhood Assistance Act tax credits; phase down credit value. Reduces the amount of the tax credit from 65 percent of the value of donations to neighborhood organizations for taxable years 2012 through 2017 to (i) 60 percent of such donations for taxable year 2018, (ii) 55 percent of such donations for taxable year 2019, and (iii) 50 percent of such donations for taxable years 2020 and thereafter.
Title
Neighborhood assistance tax credits; reduces amount of credit of value for certain donations.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-13 | House | Left in Finance |
| 2018-01-24 | House | Subcommittee recommends continuing to 2019 by voice vote |
| 2018-01-16 | House | Assigned Finance sub: Subcommittee #2 |
| 2018-01-08 | House | Referred to Committee on Finance |
| 2018-01-08 | House | Prefiled and ordered printed; offered 01/10/18 18102469D |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 58 | 1 | 439.21 | (n/a) | See Bill Text |
| 58 | 1 | 439.24 | (n/a) | See Bill Text |
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB578 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB578+hil |
