VA HB321 | 2012 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 54-1-1)
Status: Passed on May 18 2012 - 100% progression
Action: 2012-05-18 - Governor: Acts of Assembly Chapter text (CHAP0842)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 54-1-1)
Status: Passed on May 18 2012 - 100% progression
Action: 2012-05-18 - Governor: Acts of Assembly Chapter text (CHAP0842)
Text: Latest bill text (Chaptered) [HTML]
Summary
Tax credits; assistance to low-income families, scholarships for K through 12 students attending private schools. Establishes a credit beginning in taxable year 2013 for individuals, business entities, and corporations making monetary donations to nonprofit organizations providing education improvement scholarships to students whose family's annual household income is not in excess of 300 percent of the current poverty guidelines and certain students with disabilities, in order for them to attend nonpublic elementary or secondary schools. Nonprofit organizations to which donations are made would be required to distribute at least 90 percent of each donation in the form of scholarships to such students. The credit would equal 65 percent of the donation made. Any unused credit for the taxable year could be carried forward for five years. There is an annual cap of $25 million in tax credits for the scholarship program. The Department of Education would administer the tax credit program. The bill also expands the current Neighborhood Assistance Act Tax Credit program by increasing the tax credit percentage from 40 to 65 percent; raising the total cap on the program from $11.9 million to $15 million and raising the cap on education proposals from $4.9 million to $8 million; expanding the eligibility criteria for programs qualifying for tax credits to encompass programs providing services to certain students with disabilities and individuals whose family's annual household income is not in excess of 300 percent of the poverty guidelines; raising the cap on tax credits for neighborhood organizations and affiliates to $825,000; allowing unused credits at the end of the year to be distributed to neighborhood organizations that had previously met the cap on tax credits; and extending the sunset for the program to July 1, 2017.
Title
Income tax, corporate; tax credits for donations to non-profit organizations, etc.
Sponsors
Roll Calls
2012-04-18 - Senate - Senate: Senate concurred in Governor's recommendation (19-Y 19-N) (Y: 19 N: 19 NV: 2 Abs: 0) [FAIL]
2012-04-18 - House - House: VOTE: REJECTED (1-Y 93-N) (Y: 1 N: 95 NV: 6 Abs: 0) [FAIL]
2012-04-18 - House - House: VOTE: ADOPTION (58-Y 37-N) (Y: 60 N: 37 NV: 5 Abs: 0) [PASS]
2012-02-29 - House - House: VOTE: ADOPTION (54-Y 37-N) (Y: 56 N: 37 NV: 9 Abs: 0) [PASS]
2012-02-29 - Senate - Senate: Passed Senate with substitute (20-Y 20-N) (Y: 20 N: 20 NV: 0 Abs: 0) [FAIL]
2012-02-29 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-28 - Senate - Senate: Reported from Finance with substitute (8-Y 6-N) (Y: 8 N: 6 NV: 0 Abs: 0) [PASS]
2012-02-14 - House - House: VOTE: PASSAGE (64-Y 35-N) (Y: 66 N: 35 NV: 1 Abs: 0) [PASS]
2012-02-10 - House - House: Reported from Finance with amendments (15-Y 7-N) (Y: 16 N: 7 NV: 0 Abs: 0) [PASS]
2012-02-10 - House - House: Subcommittee recommends reporting with amendment(s) (4-Y 1-N) (Y: 4 N: 1 NV: 0 Abs: 0) [PASS]
2012-04-18 - House - House: VOTE: REJECTED (1-Y 93-N) (Y: 1 N: 95 NV: 6 Abs: 0) [FAIL]
2012-04-18 - House - House: VOTE: ADOPTION (58-Y 37-N) (Y: 60 N: 37 NV: 5 Abs: 0) [PASS]
2012-02-29 - House - House: VOTE: ADOPTION (54-Y 37-N) (Y: 56 N: 37 NV: 9 Abs: 0) [PASS]
2012-02-29 - Senate - Senate: Passed Senate with substitute (20-Y 20-N) (Y: 20 N: 20 NV: 0 Abs: 0) [FAIL]
2012-02-29 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-28 - Senate - Senate: Reported from Finance with substitute (8-Y 6-N) (Y: 8 N: 6 NV: 0 Abs: 0) [PASS]
2012-02-14 - House - House: VOTE: PASSAGE (64-Y 35-N) (Y: 66 N: 35 NV: 1 Abs: 0) [PASS]
2012-02-10 - House - House: Reported from Finance with amendments (15-Y 7-N) (Y: 16 N: 7 NV: 0 Abs: 0) [PASS]
2012-02-10 - House - House: Subcommittee recommends reporting with amendment(s) (4-Y 1-N) (Y: 4 N: 1 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-05-18 | Governor: Acts of Assembly Chapter text (CHAP0842) | |
| 2012-05-18 | Governor: Approved by Governor-Chapter 842 (effective 7/1/12) | |
| 2012-04-18 | Senate: Signed by President as reenrolled | |
| 2012-04-18 | House: Signed by Speaker as reenrolled | |
| 2012-04-18 | House: Reenrolled bill text (HB321ER2) | |
| 2012-04-18 | House: Reenrolled | |
| 2012-04-18 | House: Communicated to Governor | |
| 2012-04-18 | Governor: Governor's recommendation adopted in-part | |
| 2012-04-18 | Senate: Chair vote Yes | |
| 2012-04-18 | Senate: Senate concurred in Governor's recommendation (19-Y 19-N) | |
| 2012-04-18 | House: VOTE: REJECTED (1-Y 93-N) | |
| 2012-04-18 | House: House rejected Governor's recommendation # 4 (1-Y 93-N) | |
| 2012-04-18 | House: VOTE: ADOPTION (58-Y 37-N) | |
| 2012-04-18 | House: House concurred in Governor's recommendation #'s 1, 2, 3 and 5 (58-Y 37-N) | |
| 2012-04-17 | House: Placed on Calendar | |
| 2012-04-09 | House: Governor's recommendation received by House | |
| 2012-03-07 | Senate: Signed by President | |
| 2012-03-05 | House: Signed by Speaker | |
| 2012-03-05 | House: Bill text as passed House and Senate (HB321ER) | |
| 2012-03-05 | House: Enrolled | |
| 2012-02-29 | House: VOTE: ADOPTION (54-Y 37-N) | |
| 2012-02-29 | House: Senate substitute agreed to by House 12105687D-S1 (54-Y 37-N) | |
| 2012-02-29 | House: Passed by temporarily | |
| 2012-02-29 | House: Placed on Calendar | |
| 2012-02-29 | Senate: Chair votes Yes | |
| 2012-02-29 | Senate: Passed Senate with substitute (20-Y 20-N) | |
| 2012-02-29 | Senate: Engrossed by Senate - committee substitute HB321S1 | |
| 2012-02-29 | Senate: Committee substitute agreed to 12105687D-S1 | |
| 2012-02-29 | Senate: Reading of substitute waived | |
| 2012-02-29 | Senate: Read third time | |
| 2012-02-29 | Senate: Constitutional reading dispensed (40-Y 0-N) | |
| 2012-02-28 | Senate: Reported from Finance with substitute (8-Y 6-N) | |
| 2012-02-28 | Senate: Committee substitute printed 12105687D-S1 | |
| 2012-02-15 | Senate: Referred to Committee on Finance | |
| 2012-02-15 | Senate: Constitutional reading dispensed | |
| 2012-02-14 | House: VOTE: PASSAGE (64-Y 35-N) | |
| 2012-02-14 | House: Read third time and passed House (64-Y 35-N) | |
| 2012-02-13 | House: Printed as engrossed 12101085D-E | |
| 2012-02-13 | House: Engrossed by House as amended HB321E | |
| 2012-02-13 | House: Committee amendments agreed to | |
| 2012-02-13 | House: Read second time | |
| 2012-02-12 | House: Read first time | |
| 2012-02-10 | House: Reported from Finance with amendments (15-Y 7-N) | |
| 2012-02-10 | House: Subcommittee recommends reporting with amendment(s) (4-Y 1-N) | |
| 2012-02-07 | House: Assigned Finance sub: #3 | |
| 2012-01-16 | House: Referred to Committee on Finance | |
| 2012-01-16 | House: Referred from Appropriations by voice vote | |
| 2012-01-10 | House: Referred to Committee on Appropriations | |
| 2012-01-10 | House: Prefiled and ordered printed; offered 01/11/12 12101085D |
Same As/Similar To
SB131 (Same As) 2012-04-09 - Governor: Acts of Assembly Chapter text (CHAP0731)
Subjects
Charitable, Civic and Volunteer Institutions, and Organizations
Education
Income Tax
Persons with Disabilities
Taxation
Welfare
Education
Income Tax
Persons with Disabilities
Taxation
Welfare
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 58 | 1 | 402 | (n/a) | See Bill Text |
| 58 | 1 | 439.25 | (n/a) | See Bill Text |
| 58 | 1 | 439.28 | (n/a) | See Bill Text |
