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Legislation


2006 Regular Session

HOUSE BILL 1235

File Code: Economic and Community Development Prior Year Introduction As: HB 1204/05 - W&M Crossfiled with: SENATE BILL 1076
Sponsored By:
Chairman, Ways and Means Committee (By Request - Departmental - Housing and Community Development)
Entitled:
Department of Housing and Community Development - Neighborhood and Community Assistance Program - Community Investment Tax Credit

Synopsis:

Providing that a business entity is entitled to a tax credit for a contribution of real property to an approved project operated by a nonprofit organization under the Neighborhood and Community Assistance Program of the Department of Housing and Community Development; increasing the maximum tax credit allowed to $250,000 for specified contributions; etc.

History by Legislative Date

House Action
2/10
First Reading Ways and Means
3/1
Hearing 3/21 at 1:00 p.m.
4/8
Favorable with Amendments Report by Ways and Means
4/4
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/5
Third Reading Passed (140-0)
Senate Action
4/6
First Reading Senate Rules
4/10
Re-referred Budget and Taxation

Sponsored by:

Ways & Means Comm., Chairman
Departmental
Housing & Comm. Development, Department of

Bill indexed under the following Subjects:

COMMUNITY DEVELOPMENT
GIFTS
HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
REAL PROPERTY
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Housing and Community Development
( 6-404 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments (Displayed in WordPerfect 8 Format):
House
Number: 225263/01 (PDF)     Offered on: April 8, 2006   at: 11:12 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
April 5, 2006: Third Reading Passed (140-0)
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