Virginia Senate Bill 553 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2018 - 25% progression, died in chamber
Action: 2018-01-23 - Incorporated by Finance
Text: Latest bill text (Prefiled) [HTML]

Education improvement scholarships tax credits; eligibility; payout penalty. Expands the education improvement scholarships tax credits program by including as eligible scholarship recipients children who are eligible to enter pre-kindergarten. In addition, the bill reduces the penalty for failure to fully disburse all donations received from 200 percent of the difference between 90 percent of the value of the donations it received and the amount disbursed to 100 percent of the difference. Under current law, foundations must spend at least 90 percent of donations on scholarships in order to avoid the penalty. This bill was incorporated into SB 172.

Education improvement scholarships tax credits; expands eligibility, payout penalty.

Sen. Siobhan Dunnavant [R]

2018-01-23 - Senate - Senate: Incorporated by Finance (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2018-01-23	Senate	Incorporated by Finance
2018-01-09	Senate	Referred to Committee on Finance
2018-01-09	Senate	Prefiled and ordered printed; offered 01/10/18 18102480D

Chapter	Article	Section	Citation Type	Statute Text
58	1	439.25	(n/a)	See Bill Text
58	1	439.28	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+SB553
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+SB553+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+S05V0029+SB0553