SB518 (2018 Regular Session)

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SB518

Neighborhood assistance tax credits; value of credit.

Overview

Status:
Killed

Chief Patron:
Monty Mason (D)

Session:
2018 Regular Session

Summary

As Introduced. Neighborhood assistance tax credits.

Reduces the amount of the neighborhood assistance tax credit from 65 percent to 50 percent of the value of donations to neighborhood organizations. The reduction will be phased in over a three-year period.

Bill History
01/09/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18101941D
01/09/2018 - Senate: Referred to Committee on Finance
01/20/2018 - Senate: Impact statement from TAX (SB518)
01/23/2018 - Senate: Passed by indefinitely in Finance (16-Y 0-N)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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