VA SB555 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-02-07 - Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-02-07 - Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
First-time homebuyer tax credit. Creates a tax credit for taxable years 2024 through 2028 for individuals or married couples filing jointly who sell residential real property that is the taxpayer's primary residence and is located in the Commonwealth to a first-time homebuyer, as defined by the bill. Such credit will be equal to two percent of the sales price of the property, not to exceed $5,000.
Title
First-time homebuyer; creates a tax credit for taxable years 2024 through 2028.
Sponsors
Roll Calls
2024-02-07 - Senate - Senate: Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-07 | Senate | Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N) |
| 2024-01-10 | Senate | Referred to Committee on Finance and Appropriations |
| 2024-01-10 | Senate | Prefiled and ordered printed; offered 01/10/24 24101832D |
