Income tax credits; landlords participating in housing choice voucher programs. Establishes an individual and corporate income tax credit beginning with the 2010 taxable year for landlords who participate in a housing choice voucher program. Eligible landlords would receive a tax credit equal to 10 percent of the fair market value of the rent for each qualified housing unit. Qualified housing units would be dwelling units located in a census tract in the Richmond Metropolitan Statistical Area in which less than 10 percent of the residents live below the poverty level. The Department of Housing and Community Development would administer the tax credit. The Department would not be allowed to issue more than $450,000 in tax credits in any fiscal year. Tax credits would be allowed only for that portion of the taxable year in which a dwelling unit was included in a housing choice voucher program. The bill provides a five-year carryforward period for unused tax credits.
Income tax credits; landlords participating in housing choice voucher programs.
Income tax credits; landlords participating in housing choice voucher programs. Establishes an individual and corporate income tax credit beginning with the 2010 taxable year for landlords who participate in a housing choice voucher program. Eligible landlords would receive a tax credit equal to 10 percent of the fair market value of the rent for each qualified housing unit. Qualified housing units would be dwelling units located in a census tract in the Richmond Metropolitan Statistical Area in which less than 10 percent of the residents live below the poverty level. The Department of Housing and Community Development would administer the tax credit. The Department would not be allowed to issue more than $450,000 in tax credits in any fiscal year. Tax credits would be allowed only for that portion of the taxable year in which a dwelling unit was included in a housing choice voucher program. The bill provides a five-year carryforward period for unused tax credits.
Status
Bill Text
Date | Bill Type | Click here for Bill Details (PDF) |
---|---|---|
2010-04-11 | https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+CHAP0608+hil | |
2010-03-10 | https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+SB458ER+hil | |
2010-02-08 | https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+SB458E+hil | |
2010-01-13 | https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+SB458+hil |
Votes
Date | Action | Vote | Document |
---|---|---|---|
2010-02-03 | Senate: Reported from Finance with amendments (15-Y 0-N) | Yea: 15 No: 0 Other: 0 | Document |
2010-02-04 | Senate: Constitutional reading dispensed (40-Y 0-N) | Yea: 40 No: 0 Other: 0 | Document |
2010-02-09 | Senate: Read third time and passed Senate (40-Y 0-N) | Yea: 40 No: 0 Other: 0 | Document |
2010-02-22 | House: Reported from Finance with amendment (21-Y 1-N) | Yea: 21 No: 1 Other: 0 | Document |
2010-02-26 | House: VOTE: --- PASSAGE (94-Y 1-N) | Yea: 95 No: 1 Other: 0 | Document |
2010-03-02 | Senate: House amendment agreed to by Senate (40-Y 0-N) | Yea: 40 No: 0 Other: 0 | Document |
Amendments
no data available at this time.
Bill History
Date | Action |
---|---|
2010-04-11 | Governor: Acts of Assembly Chapter text (CHAP0608) |
2010-04-11 | Governor: Approved by Governor-Chapter 608 (effective 7/1/10) |
2010-03-12 | Senate: Signed by President |
2010-03-10 | House: Signed by Speaker |
2010-03-10 | Senate: Bill text as passed Senate and House (SB458ER) |
2010-03-10 | Senate: Enrolled |
2010-03-02 | Senate: House amendment agreed to by Senate (40-Y 0-N) |
2010-02-26 | House: VOTE: --- PASSAGE (94-Y 1-N) |
2010-02-26 | House: Passed House with amendment (94-Y 1-N) |
2010-02-26 | House: Engrossed by House as amended |
2010-02-26 | House: Amendment by Delegate McClellan agreed to |
2010-02-26 | House: Committee amendment rejected |
2010-02-26 | House: Read third time |
2010-02-25 | House: Passed by for the day |
2010-02-25 | House: Read third time |
2010-02-24 | House: Passed by for the day |
2010-02-23 | House: Read second time |
2010-02-22 | House: Reported from Finance with amendment (21-Y 1-N) |
2010-02-19 | House: Assigned Finance sub: #2 |
2010-02-17 | House: Referred to Committee on Finance |
2010-02-17 | House: Read first time |
2010-02-17 | House: Placed on Calendar |
2010-02-09 | Senate: Read third time and passed Senate (40-Y 0-N) |
2010-02-08 | Senate: Printed as engrossed 10103904D-E |
2010-02-08 | Senate: Engrossed by Senate as amended SB458E |
2010-02-08 | Senate: Committee amendments agreed to |
2010-02-08 | Senate: Reading of amendments waived |
2010-02-08 | Senate: Read second time |
2010-02-04 | Senate: Constitutional reading dispensed (40-Y 0-N) |
2010-02-03 | Senate: Reported from Finance with amendments (15-Y 0-N) |
2010-01-13 | Senate: Referred to Committee on Finance |
2010-01-13 | Senate: Prefiled and ordered printed; offered 01/13/10 10103904D |
Sponsors
Name | District |
---|---|
Donald McEachin | SD-009 |