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HB578

Neighborhood assistance tax credits; reduces amount of credit of value for certain donations.

Status:
Killed

Chief Patron:
Rob Bloxom, Jr (R)

Session:
2018 Regular Session

Summary

As Introduced. Neighborhood Assistance Act tax credits; phase down credit value

. Reduces the amount of the tax credit from 65 percent of the value of donations to neighborhood organizations for taxable years 2012 through 2017 to (i) 60 percent of such donations for taxable year 2018, (ii) 55 percent of such donations for taxable year 2019, and (iii) 50 percent of such donations for taxable years 2020 and thereafter. (Less)

  • Bill History

  • 01/08/2018 - House: Prefiled and ordered printed; offered 01/10/18 18102469D
  • 01/08/2018 - House: Referred to Committee on Finance
  • 01/16/2018 - House: Assigned Finance sub: Subcommittee #2
  • 01/16/2018 - House: Impact statement from TAX (HB578)
  • 01/24/2018 - House: Subcommittee recommends continuing to 2019
  • 02/13/2018 - House: Left in Finance

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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