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2022 SESSION
HB 1319 Beneficial hardwood management practices; creates a nonrefundable income tax credit.
Introduced by: Les R. Adams | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Beneficial hardwood management practices. Creates a nonrefundable income tax credit for taxable years 2022 through 2026 for expenses incurred by a taxpayer for the implementation of beneficial hardwood management practices. The credit equals the lesser of the actual expenses or $1,000. The bill requires the Tax Commissioner, in coordination with the State Forester, to establish guidelines for claiming the credit and provides that any unused credit may be carried forward by the taxpayer for five taxable years following the taxable year for which the credit was issued. The credit is subject to an aggregate annual cap of $1 million that will be administered by the Department of Forestry on a first-come, first-served basis.
FULL TEXT
- 01/21/22 House: Presented and ordered printed 22101516D pdf | impact statement
- 02/14/22 House: Printed as engrossed 22101516D-E pdf | impact statement
AMENDMENTS
- House subcommittee amendments and substitutes adopted
- House committee, floor amendments and substitutes offered
- House amendments adopted
- Senate amendments
- Senate amendments engrossed
HISTORY
- 01/21/22 House: Presented and ordered printed 22101516D
- 01/21/22 House: Referred to Committee on Finance
- 01/27/22 House: Assigned Finance sub: Subcommittee #1
- 01/31/22 House: Subcommittee recommends reporting with amendments (8-Y 1-N)
- 01/31/22 House: Subcommittee recommends referring to Committee on Appropriations
- 02/02/22 House: Reported from Finance with amendment(s) (18-Y 3-N)
- 02/02/22 House: Referred to Committee on Appropriations
- 02/03/22 House: Assigned App. sub: Commerce Agriculture & Natural Resources
- 02/09/22 House: Subcommittee recommends reporting (7-Y 0-N)
- 02/09/22 House: Reported from Appropriations (21-Y 0-N)
- 02/11/22 House: Read first time
- 02/14/22 House: Read second time
- 02/14/22 House: Committee amendment agreed to
- 02/14/22 House: Engrossed by House as amended HB1319E
- 02/14/22 House: Printed as engrossed 22101516D-E
- 02/15/22 House: Read third time and passed House (91-Y 7-N 2-A)
- 02/15/22 House: VOTE: Passage (91-Y 7-N 2-A)
- 02/16/22 Senate: Constitutional reading dispensed
- 02/16/22 Senate: Referred to Committee on Finance and Appropriations
- 03/01/22 Senate: Reported from Finance and Appropriations with amendments (14-Y 2-N)
- 03/02/22 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/02/22 Senate: Read third time
- 03/02/22 Senate: Reading of amendments waived
- 03/02/22 Senate: Committee amendments agreed to
- 03/02/22 Senate: Engrossed by Senate as amended
- 03/02/22 Senate: Passed Senate with amendments (38-Y 2-N)
- 03/02/22 House: Senate amendments rejected by House (0-Y 99-N)
- 03/02/22 House: VOTE: Rejected (0-Y 99-N)
- 03/02/22 Senate: Senate insisted on amendments (39-Y 0-N)
- 03/02/22 Senate: Senate requested conference committee
- 03/02/22 House: House acceded to request
- 03/02/22 House: Conferees appointed by House
- 03/02/22 House: Delegates: Adams, L.R., Byron, Sullivan
- 03/02/22 Senate: Conferees appointed by Senate
- 03/02/22 Senate: Senators: Deeds, Ruff, Vogel
- 03/12/22 House: Continued to 2022 Sp. Sess. 1 pursuant to HJR455