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Legislation

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability
Sponsored by
Delegates Lierman, Ivey, Krimm, J. Lewis, R. Lewis, Lisanti, Mosby, Qi, Smith, Terrasa, and Washington
Status
In the House - Hearing 3/08 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Authorizing an additional 5% tax credit under the heritage structure rehabilitation tax credit program for certain commercial rehabilitations that qualify as opportunity zone projects; altering the definition of "small commercial project" to include certain residential units sold as part of a development project and certain targeted projects; making the credit transferable and refundable under certain circumstances; requiring the Governor to appropriate at least $20,000,000 for the tax credit reserve fund; etc.
Committees
Original:
Ways and Means  
Details
Cross-filed with: SB0656
Bill File Type: Regular
Effective Date(s): July 1, 2019
Bill imposes a mandated appropriation in the annual State Budget Bill
History
Legislation History
Chamber
House
Calendar Date
2/08/2019
Legislative Date
2/08/2019
Action
First Reading Ways and Means
Proceedings
Chamber
House
Calendar Date
2/12/2019
Legislative Date
2/12/2019
Action
Hearing 3/08 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
House 2/08/2019 2/08/2019 First Reading Ways and Means
Text - First - Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability
House 2/12/2019 2/12/2019 Hearing 3/08 at 1:00 p.m.
File Code
Subjects
Statutes
Last Updated: 2/3/2020 2:31 PM