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]

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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

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]

History

DateChamberAction
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
2021-02-25HouseEnrolled Bill communicated to Governor on February 25, 2021
2021-02-24HouseSigned by Speaker
2021-02-22SenateSigned by President
2021-02-22HouseBill text as passed House and Senate (HB1763ER)
2021-02-22HouseEnrolled
2021-02-18HouseVOTE: Adoption (100-Y 0-N)
2021-02-18HouseSenate amendments agreed to by House (100-Y 0-N)
2021-02-18HousePassed by temporarily
2021-02-18HousePlaced on Calendar
2021-02-17SenatePassed Senate with amendments (39-Y 0-N)
2021-02-17SenateEngrossed by Senate as amended
2021-02-17SenateCommittee amendment #5 rejected
2021-02-17SenateCommittee amendments #'s 1-4 agreed to
2021-02-17SenateReading of amendments waived
2021-02-17SenateRead third time
2021-02-16SenateConstitutional reading dispensed (37-Y 0-N)
2021-02-16SenateReported from Finance and Appropriations with amendments (13-Y 0-N)
2021-02-05SenateContinued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
2021-02-04SenateReferred to Committee on Finance and Appropriations
2021-02-04SenateConstitutional reading dispensed
2021-02-03HouseVOTE: Block Vote Passage #2 (99-Y 0-N)
2021-02-03HousePassed House BLOCK VOTE (99-Y 0-N)
2021-02-03HouseReconsideration of passage agreed to by House
2021-02-03HouseVOTE: Block Vote Passage (98-Y 0-N 1-A)
2021-02-03HouseRead third time and passed House BLOCK VOTE (98-Y 0-N 1-A)
2021-02-02HouseEngrossed by House - committee substitute HB1763H1
2021-02-02HouseCommittee on Appropriations substitute agreed to 21103947D-H1
2021-02-02HouseCommittee on Finance amendments rejected
2021-02-02HouseRead second time
2021-02-01HouseRead first time
2021-01-29HouseCommittee substitute printed 21103947D-H1
2021-01-29HouseReported from Appropriations with substitute (22-Y 0-N)
2021-01-29HouseSubcommittee recommends reporting with substitute (8-Y 0-N)
2021-01-27HouseAssigned App. sub: Commerce Agriculture & Natural Resources
2021-01-27HouseReferred to Committee on Appropriations
2021-01-27HouseReported from Finance with amendment(s) (22-Y 0-N)
2021-01-26HouseSubcommittee recommends reporting with amendments (10-Y 0-N)
2021-01-16HouseAssigned Finance sub: Subcommittee #2
2020-12-21HouseReferred to Committee on Finance
2020-12-21HousePrefiled 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)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581339.3(n/a)See Bill Text
581439.5(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+HB1763
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1763+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1763H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1763ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0039+hil
Amendmenthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB1763AH
Amendmenthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB1763AHR
Amendmenthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB1763AS
Amendmenthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB1763ASE
Amendmenthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB1763ASR
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+HB1763F161+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+HB1763FH1161+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+HB1763FER161+PDF
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H1002C0006+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H0201C0006+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H02C0068+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HC1347+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HC1409+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+S05C0175+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H10C0037+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+S05V0012+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0072HB1763+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0080HB1763+HB1763
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HV1747+HB1763

Bill Comments

feedback