VA SB422 | 2016 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Engrossed on February 12 2016 - 50% progression, died in committee
Action: 2016-03-08 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

Neighborhood Assistance Act tax credits. Increases from $9 million to $11 million the maximum amount of tax credits that may be issued each year by the Superintendent of Public Instruction for education-related programs and increases from $8 million to $11 million the maximum amount of tax credits that may be issued each year by the Commissioner of the State Department of Social Services for all other programs. The increases are effective beginning with fiscal year 2017. The bill eliminates the requirement that at least 10 percent of the available amount of neighborhood assistance tax credits each year must be reserved for nonprofit organizations that did not receive an allocation of such credits in the preceding year. For credit allocations beginning in fiscal year 2016-2017 from the Department of Social Services, the requirement that at least 50 percent of the persons served by a neighborhood organization be low-income persons does not apply if the neighborhood organization is primarily operated to provide on-site services to individuals with intellectual or developmental disabilities.

Tracking Information

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Title

Neighborhood Assistance Act; increases maximum amount of tax credits that may be issued.

Sponsors


Roll Calls

2016-02-12 - Senate - Senate: Passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2016-02-12 - Senate - Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-12 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-12 - Senate - Senate: Passed Senate (37-Y 0-N) (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-10 - Senate - Senate: Reported from Finance with amendment (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2016-03-08HouseLeft in Finance
2016-02-17HouseReferred to Committee on Finance
2016-02-17HouseRead first time
2016-02-17HousePlaced on Calendar
2016-02-12SenatePrinted as engrossed 16101917D-E
2016-02-12SenatePassed Senate (38-Y 0-N)
2016-02-12SenateReconsideration of passage agreed to by Senate (39-Y 0-N)
2016-02-12SenatePassed Senate (37-Y 0-N)
2016-02-12SenateConstitutional reading dispensed (39-Y 0-N)
2016-02-12SenateEngrossed by Senate as amended SB422E
2016-02-12SenateCommittee amendment agreed to
2016-02-12SenateReading of amendment waived
2016-02-12SenateRead second time
2016-02-11SenateConstitutional reading dispensed (40-Y 0-N)
2016-02-10SenateReported from Finance with amendment (14-Y 0-N)
2016-01-12SenateReferred to Committee on Finance
2016-01-12SenatePrefiled and ordered printed; offered 01/13/16 16101917D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.20(n/a)See Bill Text

Virginia State Sources


Bill Comments

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