HB 590

  • Virginia House Bill
  • 2020 Regular Session
  • Introduced in House Jan 06, 2020
  • Passed House Jan 21, 2020
  • Passed Senate Feb 20, 2020
  • Signed by Governor Mar 23, 2020

Income tax, state; housing choice vouchers, definition of eligible housing areas.

Abstract

Tax credit for participating landlords; eligible housing areas. Expands the definition of "eligible housing area" for the housing choice voucher tax credit to include Virginia census tracts in the Washington-Arlington-Alexandria Metropolitan Statistical Area in which less than 10 percent of the population lives below the poverty level. Landlords who rent qualified housing units within such areas are eligible for an income tax credit. Current law only applies to such areas within the Richmond and Virginia Beach-Norfolk-Newport News Metropolitan Statistical Areas.The bill establishes a 2025 sunset date on the credit. The bill incorporates HB 1014 and is identical to SB 200.

Tax credit for participating landlords; eligible housing areas. Expands the definition of "eligible housing area" for the housing choice voucher tax credit to include Virginia census tracts in the Washington-Arlington-Alexandria Metropolitan Statistical Area in which less than 10 percent of the population lives below the poverty level. Landlords who rent qualified housing units within such areas are eligible for an income tax credit. Current law only applies to such areas within the Richmond and Virginia Beach-Norfolk-Newport News Metropolitan Statistical Areas. The bill incorporates HB 1014.

Tax credit for participating landlords; eligiblehousing areas. Expands the definition of "eligible housing area"for the housing choice voucher tax credit to include Virginia censustracts in the Washington-Arlington-Alexandria Metropolitan StatisticalArea in which less than 10 percent of the population lives belowthe poverty level. Landlords who rent qualified housing units withinsuch areas are eligible for an income tax credit. Current law only applies to such areas within the Richmond and Virginia Beach-Norfolk-Newport News Metropolitan Statistical Areas.

Bill Sponsors (25)

Votes


Actions


Mar 23, 2020

Office of the Governor

Approved by Governor-Chapter 430 (effective 7/1/20)

Mar 20, 2020

House

Impact statement from TAX (HB590ER)

Mar 06, 2020

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 11, 2020

House

Enrolled Bill communicated to Governor on March 6, 2020

Feb 27, 2020

House

Signed by Speaker

Senate

Signed by President

House

Enrolled

Feb 24, 2020

House

Senate amendments agreed to by House (52-Y 44-N)

House

VOTE: Adoption (52-Y 44-N)

House

Placed on Calendar

Feb 20, 2020

Senate

Read third time

Senate

Passed Senate with amendments (40-Y 0-N)

Senate

Engrossed by Senate as amended

Senate

Committee amendments agreed to

Senate

Reading of amendments waived

Feb 19, 2020

Senate

Constitutional reading dispensed (39-Y 0-N)

Feb 18, 2020

Senate

Reported from Finance and Appropriations with amendments (13-Y 0-N)

Feb 11, 2020

House

Impact statement from TAX (HB590H1)

Jan 22, 2020

Senate

Referred to Committee on Finance and Appropriations

Senate

Constitutional reading dispensed

Jan 21, 2020

House

Read third time and passed House (63-Y 36-N)

House

VOTE: Passage (63-Y 36-N)

Jan 20, 2020

House

Read second time

House

Engrossed by House - committee substitute HB590H1

House

Committee substitute agreed to 20105800D-H1

Jan 17, 2020

House

Read first time

Jan 15, 2020

House

House committee, floor amendments and substitutes offered

House

Incorporates HB1014 (Herring)

House

Committee substitute printed 20105800D-H1

House

Reported from Finance with substitute (14-Y 7-N)

Jan 14, 2020

House

Impact statement from TAX (HB590)

Jan 06, 2020

House

Referred to Committee on Finance

House

Prefiled and ordered printed; offered 01/08/20 20100622D

Bill Text

Bill Text Versions Format
Impact statement from TAX (HB590) HTML
Engrossed by House - committee substitute HB590H1 HTML
Bill text as passed House and Senate (HB590ER) HTML
Acts of Assembly Chapter text (CHAP0430) HTML

Related Documents

Document Format
Amendment: HB590ASE HTML
Amendment: HB590AS HTML

Sources

Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.

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