SB 1197

  • Virginia Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Jan 11, 2021
  • Passed Senate Feb 04, 2021
  • Passed House Feb 19, 2021
  • Signed by Governor Mar 31, 2021

Virginia housing opportunity; tax credit established.

Abstract

Virginia housing opportunity tax credit.Establishes, starting in taxable year 2021, a Virginia housing opportunitytax credit, which is equal to the amount of the federal low-incomehousing tax credit allocated or allowed by the Virginia Housing DevelopmentAuthority to a low-income building that is eligible for the federalcredit. The credit would be nonrefundable and could be carried forward for up to five years.

Bill Sponsors (3)

Votes


Actions


May 18, 2021

Senate

Impact statement from TAX (SB1197ER)

Mar 31, 2021

Office of the Governor

Approved by Governor-Chapter 495 (effective 7/1/21)

Mar 15, 2021

Office of the Governor

Governor's Action Deadline 11:59 p.m., March 31, 2021

Senate

Enrolled Bill Communicated to Governor on March 15, 2021

Mar 11, 2021

House

Signed by Speaker

Mar 09, 2021

Senate

Signed by President

Senate

Enrolled

Feb 27, 2021

House

Conference report agreed to by House (60-Y 39-N)

House

VOTE: Agreed To (60-Y 39-N)

Senate

Conference report agreed to by Senate (39-Y 0-N)

Feb 26, 2021

Senate

Conference substitute printed 21200718D-S1

Virginia General Assembly

Amended by conference committee

Feb 19, 2021

Senate

Passed by temporarily

House

Read third time

House

Passed by temporarily

House

Committee on Finance amendment agreed to

House

Committee on Finance amendment reconsidered

House

Committee on Finance amendment rejected

House

Committee on Appropriations substitute agreed to 21200332D-H1

House

Engrossed by House - committee substitute SB1197H1

House

Passed House with substitute (61-Y 39-N)

House

VOTE: Passage (61-Y 39-N)

Senate

House substitute rejected by Senate (1-Y 36-N)

House

House insisted on substitute

House

House requested conference committee

Senate

Senate acceded to request (37-Y 0-N)

Senate

Conferees appointed by Senate

House

Conferees appointed by House

Feb 18, 2021

House

Read second time

Feb 17, 2021

House

House subcommittee amendments and substitutes offered

House

Committee substitute printed 21200332D-H1

House

Reported from Appropriations with substitute (12-Y 8-N)

House

Subcommittee recommends reporting with substitute (5-Y 0-N)

Feb 16, 2021

House

Assigned App. sub: Commerce Agriculture & Natural Resources

Feb 15, 2021

House

Reported from Finance with amendment(s) (14-Y 8-N)

House

House committee, floor amendments and substitutes offered

House

Referred to Committee on Appropriations

Feb 08, 2021

House

Continued to Special Session 1 in Finance

Feb 07, 2021

House

Read first time

House

Referred to Committee on Finance

House

Placed on Calendar

Feb 04, 2021

Senate

Constitutional reading dispensed (38-Y 0-N)

Senate

Passed Senate (39-Y 0-N)

Senate

Read second time and engrossed

Feb 03, 2021

Senate

Constitutional reading dispensed (37-Y 0-N)

Feb 02, 2021

Senate

Reported from Finance and Appropriations (16-Y 0-N)

Jan 23, 2021

Senate

Impact statement from TAX (SB1197)

Jan 11, 2021

Senate

Referred to Committee on Finance and Appropriations

Senate

Prefiled and ordered printed; offered 01/13/21 21102520D

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/13/21 21102520D HTML
Committee substitute printed 21200332D-H1 HTML
Conference substitute printed 21200718D-S1 HTML
SB1197ER HTML
CHAP0495 HTML

Related Documents

Document Format
Fiscal Impact Statement: SB1197F161.PDF PDF
Amendment: SB1197AHR HTML
Amendment: SB1197AH HTML
Amendment: SB1197AC HTML

Sources

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

If you notice any inconsistencies with these official sources, feel free to file an issue.