VA HB1763 | 2021 | 1st Special Session
Note: Carry Over of previous HB1763
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Passed on March 11 2021 - 100% progression
Action: 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0039)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Passed on March 11 2021 - 100% progression
Action: 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0039)
Text: Latest bill text (Chaptered) [HTML]
Summary
Tax credit; agricultural best management practices. Creates an enhanced individual and corporate income tax credit for taxable years 2021 through 2024 for the implementation of certain agricultural best management practices by the taxpayer that are required as part of a certified resource management plan. The enhanced tax credit is equal to 50 percent of the first $100,000 expended in implementing certain agricultural best management practices, and each amount shall be consistent with the rate offered for each eligible practice under the Virginia Agricultural Best Management Practices Cost-Share Program. The bill retains a tax credit for 25 percent of expenses made for all other agricultural best management practices that are not eligible for the enhanced credit rate but increases the maximum amount of expenses to which one can apply the 25 percent credit from $70,000 to $100,000. A taxpayer may not claim credit for the same practice in the same management area under both the 25 percent and enhanced 75 percent credits. The aggregate amount of credit claimed per taxpayer shall not exceed $75,000 per year, and the aggregate amount of individual and corporate credits claimed among all taxpayers and credits shall not exceed $2 million per year. The bill sunsets the existing agricultural best management practices tax credits after taxable year 2024.
Title
Tax credit; agricultural best management practices.
Sponsors
Roll Calls
2021-02-18 - House - House: VOTE: Adoption (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-17 - Senate - Senate: Passed Senate with amendments (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-16 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 0 Abs: 2) [PASS]
2021-02-16 - Senate - Senate: Reported from Finance and Appropriations with amendments (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-05 - Senate - Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-03 - House - House: VOTE: Block Vote Passage #2 (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2021-02-03 - House - House: VOTE: Block Vote Passage (98-Y 0-N 1-A) (Y: 98 N: 0 NV: 0 Abs: 1) [PASS]
2021-01-29 - House - House: Reported from Appropriations with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-29 - House - House: Subcommittee recommends reporting with substitute (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-27 - House - House: Reported from Finance with amendment(s) (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-26 - House - House: Subcommittee recommends reporting with amendments (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-17 - Senate - Senate: Passed Senate with amendments (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-16 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 0 Abs: 2) [PASS]
2021-02-16 - Senate - Senate: Reported from Finance and Appropriations with amendments (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-05 - Senate - Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-03 - House - House: VOTE: Block Vote Passage #2 (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2021-02-03 - House - House: VOTE: Block Vote Passage (98-Y 0-N 1-A) (Y: 98 N: 0 NV: 0 Abs: 1) [PASS]
2021-01-29 - House - House: Reported from Appropriations with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-29 - House - House: Subcommittee recommends reporting with substitute (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-27 - House - House: Reported from Finance with amendment(s) (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-26 - House - House: Subcommittee recommends reporting with amendments (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-03-11 | Governor: Acts of Assembly Chapter text (CHAP0039) | |
2021-03-11 | Governor: Approved by Governor-Chapter 39 (effective - see bill) | |
2021-02-25 | Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021 | |
2021-02-25 | House | Enrolled Bill communicated to Governor on February 25, 2021 |
2021-02-24 | House | Signed by Speaker |
2021-02-22 | Senate | Signed by President |
2021-02-22 | House | Bill text as passed House and Senate (HB1763ER) |
2021-02-22 | House | Enrolled |
2021-02-18 | House | VOTE: Adoption (100-Y 0-N) |
2021-02-18 | House | Senate amendments agreed to by House (100-Y 0-N) |
2021-02-18 | House | Passed by temporarily |
2021-02-18 | House | Placed on Calendar |
2021-02-17 | Senate | Passed Senate with amendments (39-Y 0-N) |
2021-02-17 | Senate | Engrossed by Senate as amended |
2021-02-17 | Senate | Committee amendment #5 rejected |
2021-02-17 | Senate | Committee amendments #'s 1-4 agreed to |
2021-02-17 | Senate | Reading of amendments waived |
2021-02-17 | Senate | Read third time |
2021-02-16 | Senate | Constitutional reading dispensed (37-Y 0-N) |
2021-02-16 | Senate | Reported from Finance and Appropriations with amendments (13-Y 0-N) |
2021-02-05 | Senate | Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) |
2021-02-04 | Senate | Referred to Committee on Finance and Appropriations |
2021-02-04 | Senate | Constitutional reading dispensed |
2021-02-03 | House | VOTE: Block Vote Passage #2 (99-Y 0-N) |
2021-02-03 | House | Passed House BLOCK VOTE (99-Y 0-N) |
2021-02-03 | House | Reconsideration of passage agreed to by House |
2021-02-03 | House | VOTE: Block Vote Passage (98-Y 0-N 1-A) |
2021-02-03 | House | Read third time and passed House BLOCK VOTE (98-Y 0-N 1-A) |
2021-02-02 | House | Engrossed by House - committee substitute HB1763H1 |
2021-02-02 | House | Committee on Appropriations substitute agreed to 21103947D-H1 |
2021-02-02 | House | Committee on Finance amendments rejected |
2021-02-02 | House | Read second time |
2021-02-01 | House | Read first time |
2021-01-29 | House | Committee substitute printed 21103947D-H1 |
2021-01-29 | House | Reported from Appropriations with substitute (22-Y 0-N) |
2021-01-29 | House | Subcommittee recommends reporting with substitute (8-Y 0-N) |
2021-01-27 | House | Assigned App. sub: Commerce Agriculture & Natural Resources |
2021-01-27 | House | Referred to Committee on Appropriations |
2021-01-27 | House | Reported from Finance with amendment(s) (22-Y 0-N) |
2021-01-26 | House | Subcommittee recommends reporting with amendments (10-Y 0-N) |
2021-01-16 | House | Assigned Finance sub: Subcommittee #2 |
2020-12-21 | House | Referred to Committee on Finance |
2020-12-21 | House | Prefiled and ordered printed; offered 01/13/21 21100953D |
Same As/Similar To
HB1763 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
SB1162 (Same As) 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0040)
SB1162 (Same As) 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0040)
SB1162 (Same As) 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0040)
SB1162 (Same As) 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0040)
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
58 | 1 | 339.3 | (n/a) | See Bill Text |
58 | 1 | 439.5 | (n/a) | See Bill Text |