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2021 SPECIAL SESSION I
SB 1197 Virginia housing opportunity; tax credit established.
Introduced by: Mamie E. Locke | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Virginia housing opportunity tax credit. Establishes, for taxable years 2021 through 2025, 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. No more than $15 million in credits shall be granted per calendar year.
FULL TEXT
- 01/11/21 Senate: Prefiled and ordered printed; offered 01/13/21 21102520D pdf | impact statement
- 02/17/21 House: Committee substitute printed 21200332D-H1 pdf
- 02/26/21 Senate: Conference substitute printed 21200718D-S1 pdf
- 03/09/21 Senate: Bill text as passed Senate and House (SB1197ER) pdf | impact statement
- 03/31/21 Governor: Acts of Assembly Chapter text (CHAP0495) pdf
AMENDMENTS
- House subcommittee amendments and substitutes offered
- House subcommittee amendments and substitutes adopted
- House committee, floor amendments and substitutes offered
- House amendments adopted
- House amendments not adopted
- Conference amendments
HISTORY
- 01/11/21 Senate: Prefiled and ordered printed; offered 01/13/21 21102520D
- 01/11/21 Senate: Referred to Committee on Finance and Appropriations
- 02/02/21 Senate: Reported from Finance and Appropriations (16-Y 0-N)
- 02/03/21 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/04/21 Senate: Read second time and engrossed
- 02/04/21 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/04/21 Senate: Passed Senate (39-Y 0-N)
- 02/07/21 House: Placed on Calendar
- 02/07/21 House: Read first time
- 02/07/21 House: Referred to Committee on Finance
- 02/08/21 House: Continued to Special Session 1 in Finance by voice vote
- 02/15/21 House: Reported from Finance with amendment(s) (14-Y 8-N)
- 02/15/21 House: Referred to Committee on Appropriations
- 02/16/21 House: Assigned App. sub: Commerce Agriculture & Natural Resources
- 02/17/21 House: Subcommittee recommends reporting with substitute (5-Y 0-N)
- 02/17/21 House: Reported from Appropriations with substitute (12-Y 8-N)
- 02/17/21 House: Committee substitute printed 21200332D-H1
- 02/18/21 House: Read second time
- 02/19/21 House: Read third time
- 02/19/21 House: Passed by temporarily
- 02/19/21 House: Committee on Finance amendment agreed to
- 02/19/21 House: Committee on Finance amendment reconsidered
- 02/19/21 House: Committee on Finance amendment rejected
- 02/19/21 House: Committee on Appropriations substitute agreed to 21200332D-H1
- 02/19/21 House: Engrossed by House - committee substitute SB1197H1
- 02/19/21 House: Passed House with substitute (61-Y 39-N)
- 02/19/21 House: VOTE: Passage (61-Y 39-N)
- 02/19/21 Senate: Passed by temporarily
- 02/19/21 Senate: House substitute rejected by Senate (1-Y 36-N)
- 02/19/21 House: House insisted on substitute
- 02/19/21 House: House requested conference committee
- 02/19/21 Senate: Senate acceded to request (37-Y 0-N)
- 02/19/21 Senate: Conferees appointed by Senate
- 02/19/21 Senate: Senators: Locke, Lucas, Vogel
- 02/19/21 House: Conferees appointed by House
- 02/19/21 House: Delegates: Sullivan, Bourne, Fowler
- 02/26/21 Conference: Amended by conference committee
- 02/26/21 Senate: Conference substitute printed 21200718D-S1
- 02/27/21 Senate: Conference report agreed to by Senate (39-Y 0-N)
- 02/27/21 House: Conference report agreed to by House (60-Y 39-N)
- 02/27/21 House: VOTE: Agreed To (60-Y 39-N)
- 03/09/21 Senate: Enrolled
- 03/09/21 Senate: Bill text as passed Senate and House (SB1197ER)
- 03/09/21 Senate: Signed by President
- 03/11/21 House: Signed by Speaker
- 03/15/21 Senate: Enrolled Bill Communicated to Governor on March 15, 2021
- 03/15/21 Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
- 03/31/21 Governor: Approved by Governor-Chapter 495 (effective 7/1/21)
- 03/31/21 Governor: Acts of Assembly Chapter text (CHAP0495)