Virginia Senate Bill 363 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2008 - 25% progression, died in chamber
Action: 2008-01-23 - Senate: Continued to 2009 in General Laws and Technology (15-Y 0-N)

Installation of automatic sprinkler systems; tax credit for initial installation. Requires that all buildings that (i) are more than 75 feet high or more than six stories high, (ii) are being used to house individuals or to provide guest rooms for occupancy, and (iii) are not equipped with an automatic sprinkler system would be equipped with an automatic sprinkler system by December 31, 2017. The Board of Housing and Community Development would be required to promulgate regulations establishing standards for the automatic sprinkler system. The bill also would make available to the owners of such building an income tax credit equal to 45% of the total amount paid by the owner for the initial installation of the sprinkler system. The tax credit could be carried forward for 10 years.

Automatic sprinkler systems; tax credit for initial installation.

Sen. John Watkins [R]

Date	Chamber	Action
2008-01-23		Senate: Continued to 2009 in General Laws and Technology (15-Y 0-N)
2008-01-08		Senate: Referred to Committee on General Laws and Technology
2008-01-08		Senate: Prefiled and ordered printed; offered 01/09/08 082853744

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+SB363