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- Subject Index: Since 1995
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2015 SESSION
HB 1701 Neighborhood assistance tax; tax credit percentage for business firm or an individual.
Introduced by: Tony O. Wilt | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Neighborhood assistance tax credits; tax credit percentage. Provides that a business firm or an individual making a qualified donation may by written agreement accept a tax credit of less than 65 percent for such donation. Under current law, a business firm and an individual are allowed a tax credit equal to 65 percent of the value of any qualifying donation made to a neighborhood organization. If a business firm or individual accepts a tax credit of less than 65 percent, the neighborhood organization must include the written agreement in the tax credit certification materials it provides to the Superintendent of Public Instruction or the Commissioner of the Department of Social Services. The bill also provides that no credit will be granted for any donation with a value of less than $616. The provisions of the bill are effective beginning with the 2015 taxable year.
FULL TEXT
- 01/12/15 House: Prefiled and ordered printed; offered 01/14/15 15101805D pdf | impact statement
- 01/28/15 House: Printed as engrossed 15101805D-E pdf | impact statement
- 02/18/15 House: Bill text as passed House and Senate (HB1701ER) pdf | impact statement
- 03/10/15 Governor: Acts of Assembly Chapter text (CHAP0056) pdf
AMENDMENTS
HISTORY
- 01/12/15 House: Prefiled and ordered printed; offered 01/14/15 15101805D
- 01/12/15 House: Referred to Committee on Finance
- 01/20/15 House: Assigned Finance sub: Subcommittee #2
- 01/21/15 House: Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
- 01/26/15 House: Reported from Finance with amendment (22-Y 0-N)
- 01/27/15 House: Read first time
- 01/28/15 House: Read second time
- 01/28/15 House: Committee amendment agreed to
- 01/28/15 House: Engrossed by House as amended HB1701E
- 01/28/15 House: Printed as engrossed 15101805D-E
- 01/29/15 House: Read third time and passed House (95-Y 2-N 1-A)
- 01/29/15 House: VOTE: PASSAGE (95-Y 2-N 1-A)
- 01/30/15 Senate: Constitutional reading dispensed
- 01/30/15 Senate: Referred to Committee on Finance
- 02/11/15 Senate: Reported from Finance (14-Y 0-N)
- 02/12/15 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/13/15 Senate: Read third time
- 02/13/15 Senate: Passed Senate (36-Y 0-N)
- 02/18/15 House: Enrolled
- 02/18/15 House: Bill text as passed House and Senate (HB1701ER)
- 02/18/15 House: Signed by Speaker
- 02/20/15 Senate: Signed by President
- 02/23/15 House: Enrolled Bill communicated to Governor on 2/23/15
- 02/23/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/10/15 Governor: Approved by Governor-Chapter 56 (effective 1/1/15)
- 03/10/15 Governor: Acts of Assembly Chapter text (CHAP0056)