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HB2050

Virginia housing opportunity; tax credit established starting in taxable year 2021.

Status:
Killed

Chief Patron:
Jeff Bourne (D)

Session:
2021 Regular Session

Summary

As Introduced. Virginia housing opportunity tax credit.

Establishes, starting in taxable year 2021, a Virginia housing opportunity tax credit, which is equal to the amount of the federal low-income housing tax credit allocated or allowed by the Virginia Housing Development Authority to a low-income building that is eligible for the federal credit. The credit would be nonrefundable and could be carried forward for up to five years. (Less)

  • Bill History

  • 01/12/2021 - House: Prefiled and ordered printed; offered 01/13/21 21102648D
  • 01/12/2021 - House: Referred to Committee on Finance
  • 01/16/2021 - House: Assigned Finance sub: Subcommittee #3
  • 01/21/2021 - House: Impact statement from TAX (HB2050)
  • 01/22/2021 - House: Subcommittee recommends laying on the table (7-Y 1-N)
  • 02/05/2021 - House: Left in Finance

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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