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2021 SESSION
HB 2050 Virginia housing opportunity; tax credit established starting in taxable year 2021.
Introduced by: Jeffrey M. Bourne | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia housing opportunity tax credit. Establishes, starting in taxable year 2021, a Virginia housing opportunity tax credit, which is equal to the amount of the federal low-income housing tax credit allocated or allowed by the Virginia Housing Development Authority to a low-income building that is eligible for the federal credit. The credit would be nonrefundable and could be carried forward for up to five years.
FULL TEXT
HISTORY
- 01/12/21 House: Prefiled and ordered printed; offered 01/13/21 21102648D
- 01/12/21 House: Referred to Committee on Finance
- 01/16/21 House: Assigned Finance sub: Subcommittee #3
- 01/22/21 House: Subcommittee recommends laying on the table (7-Y 1-N)
- 02/05/21 House: Left in Finance