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2016 SESSION
HB 742 Neighborhood Assistance Program; eligibility for tax credits.
Introduced by: David J. Toscano | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Neighborhood Assistance Program tax credits; eligibility. Creates an exception to the requirement that each affiliate of a neighborhood organization must also meet all program regulations and guidelines as a condition of the neighborhood organization's eligibility for tax credits. Under the bill, the general program requirements for proposals submitted to the Commissioner of Social Services that (i) at least 50 percent of the persons served by each affiliate of the neighborhood organization be low-income persons, (ii) at least 50 percent of the revenues of each affiliate of the neighborhood organization be used to provide services to such persons, (iii) each affiliate also meet the definition of a "neighborhood organization," and (iv) an audit, review, or compilation for each affiliate be furnished will not apply if (a) the neighborhood organization otherwise meets all program requirements and regulations, (b) the neighborhood organization received a fiscal year 2013-2014 allocation of neighborhood assistance tax credits, and (c) no affiliate of the neighborhood organization submits a proposal for or receives an allocation of tax credits for the program year for which the neighborhood organization has submitted its proposal. The exemption from the affiliate requirements is permanent and benefits neighborhood organizations applying for tax credits from the Commissioner of Social Services.
FULL TEXT
- 01/12/16 House: Prefiled and ordered printed; offered 01/13/16 16100076D pdf | impact statement
- 02/17/16 Senate: Committee substitute printed 16105602D-S1 pdf
- 03/01/16 House: Bill text as passed House and Senate (HB742ER) pdf | impact statement
- 03/11/16 Governor: Acts of Assembly Chapter text (CHAP0426) pdf
- 03/11/16 Governor: Acts of Assembly Chapter text reprinted (CHAP0426) pdf
HISTORY
- 01/12/16 House: Prefiled and ordered printed; offered 01/13/16 16100076D
- 01/12/16 House: Referred to Committee on Finance
- 01/15/16 House: Assigned Finance sub: Subcommittee #1
- 01/27/16 House: Subcommittee recommends reporting (8-Y 0-N)
- 02/01/16 House: Reported from Finance (18-Y 4-N)
- 02/02/16 House: Read first time
- 02/03/16 House: Read second time and engrossed
- 02/04/16 House: Read third time and passed House (89-Y 8-N)
- 02/04/16 House: VOTE: PASSAGE (89-Y 8-N)
- 02/05/16 Senate: Constitutional reading dispensed
- 02/05/16 Senate: Referred to Committee on Finance
- 02/17/16 Senate: Reported from Finance with substitute (13-Y 0-N)
- 02/17/16 Senate: Committee substitute printed 16105602D-S1
- 02/18/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/19/16 Senate: Read third time
- 02/19/16 Senate: Passed by for the day
- 02/22/16 Senate: Passed by for the day
- 02/23/16 Senate: Passed by for the day
- 02/24/16 Senate: Read third time
- 02/24/16 Senate: Reading of substitute waived
- 02/24/16 Senate: Committee substitute agreed to 16105602D-S1
- 02/24/16 Senate: Engrossed by Senate - committee substitute HB742S1
- 02/24/16 Senate: Passed Senate with substitute (40-Y 0-N)
- 02/25/16 House: Placed on Calendar
- 02/26/16 House: Passed by for the day
- 02/29/16 House: Senate substitute agreed to by House 16105602D-S1 (92-Y 6-N)
- 02/29/16 House: VOTE: ADOPTION (92-Y 6-N)
- 03/01/16 House: Enrolled
- 03/01/16 House: Bill text as passed House and Senate (HB742ER)
- 03/01/16 House: Signed by Speaker
- 03/04/16 Senate: Signed by President
- 03/11/16 House: Enrolled Bill communicated to Governor on 3/11/16
- 03/11/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 03/11/16 Governor: Approved by Governor-Chapter 426 (effective 7/1/16)
- 03/11/16 Governor: Acts of Assembly Chapter text (CHAP0426)
- 03/11/16 Governor: Acts of Assembly Chapter text reprinted (CHAP0426)