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2009 SESSION
SB 1325 Neighborhood Assistance Act Tax Credit; changes administration of and eligibility for an allocation.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Neighborhood Assistance Act Tax Credit. Changes the administration of the Neighborhood Assistance Act Tax Credit and the eligibility for an allocation of tax credits. The bill would provide that nonprofit organizations with education proposals that serve individuals with family annual income not in excess of 180 percent of the federal poverty guidelines would be eligible for an allocation of neighborhood assistance tax credits. Current Department of Social Services regulations (22 VAC 40-41-10) sets eligibility for tax credits for programs that serve individuals with family annual income not in excess of 150 percent of the federal poverty guidelines, which eligibility requirement remains the same for other than education proposals. The bill would provide that programs that offer counseling or supportive services to students or their parents in developing a postsecondary academic or vocational education plan or scholarships would be eligible for tax credits. The bill would establish a $0.5 million annual limit in tax credits for each neighborhood organization or a grouping of neighborhood organization affiliates.
The bill would require the Department of Education to allocate up to $4.9 million in tax credits each year for education-related programs and $7 million for all other proposals approved by the Department of Social Services.
The bill extends the sunset date of the Neighborhood Assistance Act program from July 1, 2009, to July 1, 2011.
FULL TEXT
- 01/14/09 Senate: Prefiled and ordered printed; offered 01/14/09 092829332 pdf | impact statement
- 02/04/09 Senate: Committee substitute printed 092912332-S1 pdf
- 02/16/09 House: Committee substitute printed 092925332-H1 pdf | impact statement
- 03/09/09 Senate: Bill text as passed Senate and House (SB1325ER) pdf | impact statement
- 04/08/09 Senate: Reenrolled bill text (SB1325ER2) pdf
- 04/08/09 Governor: Acts of Assembly Chapter text (CHAP0851) pdf
AMENDMENTS
HISTORY
- 01/14/09 Senate: Prefiled and ordered printed; offered 01/14/09 092829332
- 01/14/09 Senate: Referred to Committee on Finance
- 02/04/09 Senate: Reported from Finance with substitute (16-Y 0-N)
- 02/04/09 Senate: Committee substitute printed 092912332-S1
- 02/05/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/06/09 Senate: Read second time
- 02/06/09 Senate: Reading of substitute waived
- 02/06/09 Senate: Committee substitute agreed to 092912332-S1
- 02/06/09 Senate: Engrossed by Senate - committee substitute SB1325S1
- 02/09/09 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/11/09 House: Placed on Calendar
- 02/11/09 House: Read first time
- 02/11/09 House: Referred to Committee on Finance
- 02/11/09 House: Assigned Finance sub: 1
- 02/16/09 House: Reported from Finance with substitute (16-Y 4-N)
- 02/16/09 House: Committee substitute printed 092925332-H1
- 02/17/09 House: Motion to refer to committee agreed to
- 02/17/09 House: Referred to Committee on Appropriations
- 02/18/09 House: Reported from Appropriations (22-Y 0-N)
- 02/20/09 House: Read second time
- 02/23/09 House: Passed by for the day
- 02/24/09 House: Read third time
- 02/24/09 House: Committee substitute agreed to 092925332-H1
- 02/24/09 House: Engrossed by House - committee substitute SB1325H1
- 02/24/09 House: Passed House with substitute (97-Y 1-N)
- 02/24/09 House: VOTE: --- PASSAGE (97-Y 1-N)
- 02/25/09 Senate: House substitute agreed to by Senate (36-Y 0-N)
- 02/25/09 Senate: Title replaced 092925332-H1
- 03/09/09 Senate: Enrolled
- 03/09/09 Senate: Bill text as passed Senate and House (SB1325ER)
- 03/10/09 Senate: Signed by President
- 03/11/09 House: Signed by Speaker
- 03/30/09 Senate: Governor's recommendation received by Senate
- 04/07/09 Senate: Placed on Calendar
- 04/08/09 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/08/09 House: House concurred in Governor's recommendation (98-Y 0-N)
- 04/08/09 House: VOTE: --- ADOPTION (98-Y 0-N)
- 04/08/09 Governor: Governor's recommendation adopted
- 04/08/09 Senate: Reenrolled
- 04/08/09 Senate: Reenrolled bill text (SB1325ER2)
- 04/08/09 Senate: Signed by President as reenrolled
- 04/08/09 House: Signed by Speaker as reenrolled
- 04/08/09 House: Enacted, Chapter 851 (effective 7/1/09)
- 04/08/09 Governor: Acts of Assembly Chapter text (CHAP0851)