VA HB620 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2014 - 25% progression, died in committee
Action: 2014-02-12 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 7 2014 - 25% progression, died in committee
Action: 2014-02-12 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Neighborhood assistance tax credits. Changes the Neighborhood Assistance Act Tax Credit program beginning with taxable year 2014 by decreasing the tax credit percentage from 65 percent to 50 percent of the value of donations. The bill also increases from 40 to 50 percent the number of low-income persons that must be served by a neighborhood organization to receive an allocation tax of credits from the State Board of Social Services.
Title
Neighborhood assistance tax credits; changes program by decreasing value of donations, etc.
Sponsors
| Sen. Monty Mason [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-12 | House | Left in Finance |
| 2014-01-15 | House | Subcommittee recommends laying on the table by voice vote |
| 2014-01-13 | House | Assigned Finance sub: Subcommittee #2 |
| 2014-01-07 | House | Referred to Committee on Finance |
| 2014-01-07 | House | Prefiled and ordered printed; offered 01/08/14 14103244D |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 58 | 1 | 439.20 | (n/a) | See Bill 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?141+sum+HB620 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB620+hil |
