SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2015 SESSION
HB 896 Income tax, state; tax credit for completion of public school renovation.
Introduced by: Christopher P. Stolle | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax; public school renovation tax credit. Provides an income tax credit to persons that complete the renovation or retrofitting of a public school during the taxable year, in accordance with the provisions of the Public-Private Education Facilities and Infrastructure Act. The credit would be available beginning with the 2014 taxable year and thereafter. The amount of the credit would be 25 percent of the person's eligible renovation expenses, regardless of the year incurred, not to exceed $1 million for the renovation or retrofitting. Also, there is a cap of $100 million on the aggregate amount of credits that may be issued in any fiscal year. Credits would not be issued for any taxable year for which federal law allows a federal income tax credit for the renovation or retrofitting of a public school.
FULL TEXT
HISTORY
- 01/08/14 House: Prefiled and ordered printed; offered 01/08/14 14102527D
- 01/08/14 House: Referred to Committee on Finance
- 01/22/14 House: Assigned Finance sub: Subcommittee #3
- 01/24/14 House: Subcommittee recommends continuing to 2015 by voice vote
- 01/27/14 House: Continued to 2015 in Finance by voice vote
- 12/04/14 House: Left in Finance