Alfonso Lopez
- Democratic
- Delegate
- District 3
Primary
Historic rehabilitation tax credit; maximum amount of tax credit. Increases from $5 million to $7.5 million, beginning in taxable year 2025, the maximum amount of the historic rehabilitation tax credit, including amounts carried over from prior taxable years, that may be claimed by a taxpayer in any taxable year. This bill is identical to SB 556.
Historic rehabilitation tax credit; maximum amount of tax credit. Increases from $5 million to $10 million the maximum amount of the historic rehabilitation tax credit, including amounts carried over from prior taxable years, that may be claimed by a taxpayer in any taxable year beginning in taxable year 2024. Beginning July 1, 2024, the aggregate amount of credits available shall not exceed $75 million per fiscal year.
Historic rehabilitation tax credit; maximumamount of tax credit. Increases from $5 million to $10 millionthe maximum amount of the historic rehabilitation tax credit, includingamounts carried over from prior taxable years, that may be claimedby a taxpayer in any taxable year beginning in taxable year 2024.
Acts of Assembly Chapter text (CHAP0462)
Approved by Governor-Chapter 462 (effective 7/1/24)
Governor's Action Deadline 11:59 p.m., April 8, 2024
Enrolled Bill communicated to Governor on March 27, 2024
Signed by Speaker
Enrolled
Signed by President
Bill text as passed House and Senate (HB960ER)
Conference report agreed to by Senate (38-Y 2-N)
Conference substitute printed 24108726D-H1
VOTE: Adoption (78-Y 19-N)
Conference report agreed to by House (78-Y 19-N)
Amended by conference committee
VOTE: REJECTED (0-Y 98-N)
Read third time
Reading of substitute waived
Committee substitute agreed to 24108322D-S1
Engrossed by Senate - committee substitute HB960S1
Passed Senate with substitute (39-Y 0-N)
Senate substitute rejected by House 24108322D-S1 (0-Y 98-N)
Senate insisted on substitute (39-Y 0-N)
Senate requested conference committee
House acceded to request
Conferees appointed by House
Delegates: Lopez, Mundon King, Bloxom
Conferees appointed by Senate
Senators: Williams Graves, Surovell, Locke
Committee substitute printed 24108322D-S1
Reported from Finance and Appropriations with substitute (15-Y 0-N)
Constitutional reading dispensed (39-Y 0-N)
Senate subcommittee amendments and substitutes offered
Impact statement from TAX (HB960E)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed
VOTE: Passage (62-Y 37-N)
Read third time and passed House (62-Y 37-N)
Read second time
Committee amendments agreed to
Engrossed by House as amended HB960E
Printed as engrossed 24101549D-E
Read first time
Reported from Appropriations with amendment(s) (14-Y 8-N)
Subcommittee recommends reporting with amendments (7-Y 1-N)
House subcommittee amendments and substitutes offered
Assigned App. sub: Commerce Agriculture & Natural Resources
Referred to Committee on Appropriations
Reported from Finance (13-Y 9-N)
Subcommittee recommends referring to Committee on Appropriations
Subcommittee recommends reporting (5-Y 3-N)
Impact statement from TAX (HB960)
Assigned Finance sub: Subcommittee #1
Prefiled and ordered printed; offered 01/10/24 24101549D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/10/24 24101549D | PDF HTML |
| Printed as engrossed 24101549D-E | PDF HTML |
| Committee substitute printed 24108322D-S1 | PDF HTML |
| Conference substitute printed 24108726D-H1 | PDF HTML |
| HB960ER | PDF HTML |
| CHAP0462 | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB960FE161.PDF | |
| Fiscal Impact Statement: HB960F161.PDF | |
| Amendment: HB960AH | HTML |
| Amendment: HB960AC | HTML |
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.