SEARCH SITE

Search FAQs

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2015 SESSION

  • | print version

HB 1939 Neighborhood assistance; reduces tax credit.

Introduced by: David J. Toscano | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Neighborhood assistance tax credits. Changes the Neighborhood Assistance Act Tax Credit Program by (i) reducing the tax credit from 65 to 60 percent of the value of donations to neighborhood organizations and (ii) increasing the annual cap on the value of donations by individuals that are eligible for credit from the first $125,000 of value to the first $135,500 of value. The provisions of the bill would become effective beginning with taxable year 2016.


FULL TEXT

HISTORY