VA HB824 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Housing opportunity tax credit; specialty populations. Expands availability beginning in taxable year 2022 of the nonrefundable Virginia Housing Opportunity Tax Credit, which is equal to the amount of the federal low-income housing tax credit allocated or allowed by the Virginia Housing Development Authority, to qualified specialty population projects, defined in the bill as low-income buildings that are eligible for the federal credit that creates housing for individuals who (i) have been issued an intellectual disability or developmental disability waiver, (ii) require behavioral health treatment or services, or (iii) require treatment or services for substance use and abuse recovery. No more than $2.5 million in credits shall be granted per calendar year for such qualified specialty population projects.

Tracking Information

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Title

Low-income housing; tax credit for specialty populations, expands availability.

Sponsors


Roll Calls

2022-02-07 - House - House: Subcommittee recommends striking from docket (9-Y 0-N) (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2022-02-15HouseLeft in Finance
2022-02-07HouseSubcommittee recommends striking from docket (9-Y 0-N)
2022-01-27HouseAssigned Finance sub: Subcommittee #1
2022-01-12HouseReferred to Committee on Finance
2022-01-12HousePrefiled and ordered printed; offered 01/12/22 22103281D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.29(n/a)See Bill Text
581439.30(n/a)See Bill Text

Virginia State Sources


Bill Comments

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