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HB1433

Neighborhood Assistance Act Tax Credit; allocation to certain organizations.

Status:
Enacted

Chief Patron:
Peter Farrell (R)

Session:
2017 Regular Session

Summary

As Enacted. Neighborhood Assistance Act Tax Credit program.

Modifies the requirement that at least 10 percent of all available Neighborhood Assistance Act tax credits be allocated to organizations that have not previously received tax credits by providing that the allocation for such organizations is required only if the General Assembly increases the amount of available credits year over year. The bill requires that the allocation be at least 10 percent of credits created by the increase rather than 10 percent of all available credits. Current law limits credits to $9 million for education proposals approved by the Superintendent of Public Instruction and $8 million for proposals approved by the Commissioner of Social Services. The bill contains an emergency clause. (Less)

  • Bill History

  • 11/16/2016 - House: Prefiled and ordered printed; offered 01/11/17 17100793D
  • 11/16/2016 - House: Referred to Committee on Finance
  • 01/11/2017 - House: Assigned Finance sub: Subcommittee #2
  • 01/18/2017 - House: Subcommittee recommends reporting (10-Y 0-N)
  • 01/23/2017 - House: Reported from Finance (20-Y 2-N)
  • 01/24/2017 - House: Read first time
  • 01/25/2017 - House: Read second time and engrossed
  • 01/26/2017 - House: Read third time and passed House (91-Y 8-N)
  • 01/26/2017 - House: VOTE: PASSAGE (91-Y 8-N)
  • 01/27/2017 - Senate: Constitutional reading dispensed
  • 01/27/2017 - Senate: Referred to Committee on Finance
  • 02/03/2017 - House: Impact statement from TAX (HB1433)
  • 02/07/2017 - Senate: Reported from Finance (15-Y 0-N)
  • 02/08/2017 - Senate: Constitutional reading dispensed (39-Y 0-N)
  • 02/09/2017 - Senate: Read third time
  • 02/09/2017 - Senate: Passed Senate (40-Y 0-N)
  • 02/13/2017 - House: Enrolled
  • 02/13/2017 - House: Bill text as passed House and Senate (HB1433ER)
  • 02/13/2017 - House: Impact statement from TAX (HB1433ER)
  • 02/13/2017 - House: Signed by Speaker
  • 02/13/2017 - Senate: Signed by President
  • 02/14/2017 - House: Enrolled Bill communicated to Governor on 2/14/17
  • 02/14/2017 - Governor: Governor's Action Deadline Midnight, February 21, 2017
  • 02/17/2017 - House: Governor's recommendation received by House
  • 02/22/2017 - House: Placed on Calendar
  • 02/22/2017 - House: House concurred in Governor's recommendation (100-Y 0-N)
  • 02/22/2017 - House: VOTE: ADOPTION EMERGENCY (100-Y 0-N)
  • 02/23/2017 - Senate: Senate concurred in Governor's recommendation (39-Y 0-N)
  • 02/23/2017 - Governor: Emergency clause added by Governor's recommendation
  • 02/23/2017 - Governor: Governor's recommendation adopted
  • 02/23/2017 - House: Reenrolled
  • 02/23/2017 - House: Reenrolled bill text (HB1433ER2)
  • 02/23/2017 - House: Signed by Speaker as reenrolled
  • 02/23/2017 - Senate: Signed by President as reenrolled
  • 02/23/2017 - House: Enacted, Chapter 147 (effective 2/23/17)
  • 02/23/2017 - Governor: Acts of Assembly Chapter text (CHAP0147)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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