SB47
Income tax, state; housing opportunity tax credits.
Summary
As Passed House of Origin. Income tax; housing opportunity tax credits.
Removes the $15 million credit cap imposed on the Virginia Housing Opportunity Tax Credit and allows taxpayers to receive a state-level credit in an amount substantially similar to the amount of federal credit allocated or allowed by the Virginia Housing Development Authority for 10 years. Under current law, the Virginia ... (More) Housing Development Authority is required to allocate the credit for one year only. (Less)-
Bill History
- 12/29/2021 - Senate: Prefiled and ordered printed; offered 01/12/22 22101688D
- 12/29/2021 - Senate: Referred to Committee on Finance and Appropriations
- 02/08/2022 - Senate: Senate subcommittee amendments and substitutes offered
- 02/10/2022 - Senate: Impact statement from TAX (SB47)
- 02/10/2022 - Senate: Senate committee, floor amendments and substitutes offered
- 02/10/2022 - Senate: Reported from Finance and Appropriations with substitute (16-Y 0-N)
- 02/10/2022 - Senate: Committee substitute printed 22106337D-S1
- 02/11/2022 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/14/2022 - Senate: Read second time
- 02/14/2022 - Senate: Reading of substitute waived
- 02/14/2022 - Senate: Committee substitute agreed to 22106337D-S1
- 02/14/2022 - Senate: Engrossed by Senate - committee substitute SB47S1
- 02/14/2022 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/14/2022 - Senate: Passed Senate (40-Y 0-N)
- 02/18/2022 - House: Placed on Calendar
- 02/18/2022 - House: Read first time
- 02/18/2022 - House: Referred to Committee on Finance
- 02/22/2022 - House: Assigned Finance sub: Subcommittee #1
- 02/23/2022 - House: Referred from Finance
- 02/23/2022 - House: Referred to Committee on Appropriations
- 02/25/2022 - Senate: Impact statement from TAX (SB47S1)
- 02/28/2022 - House: House committee, floor amendments and substitutes offered
- 02/28/2022 - House: Reported from Appropriations with substitute (22-Y 0-N)
- 02/28/2022 - House: Committee substitute printed 22107098D-H1
- 03/01/2022 - House: Read second time
- 03/02/2022 - House: Read third time
- 03/02/2022 - House: Committee substitute agreed to 22107098D-H1
- 03/02/2022 - House: Engrossed by House - committee substitute SB47H1
- 03/02/2022 - House: Passed House with substitute BLOCK VOTE (100-Y 0-N)
- 03/02/2022 - House: VOTE: Block Vote Passage (100-Y 0-N)
- 03/02/2022 - Senate: House substitute rejected by Senate (1-Y 36-N)
- 03/02/2022 - House: House insisted on substitute
- 03/02/2022 - House: House requested conference committee
- 03/02/2022 - Senate: Senate acceded to request (40-Y 0-N)
- 03/02/2022 - Senate: Conferees appointed by Senate
- 03/02/2022 - Senate: Senators: Locke, Lucas, Hanger
- 03/02/2022 - House: Conferees appointed by House
- 03/02/2022 - House: Delegates: Bloxom, Marshall, Reid
- 03/12/2022 - Senate: Continued to 2022 Sp. Sess. 1 pursuant to HJR455
