HB 960 Virginia House of Delegates · 2024 Regular Session

Historic rehabilitation; maximum amount of tax credit.

Summary

Historic rehabilitation tax credit; maximum amount of tax credit. Increases from $5 million to $10 million the maximum amount of the historic rehabilitation tax credit, including amounts carried over from prior taxable years, that may be claimed by a taxpayer in any taxable year beginning in taxable year 2024. Beginning July 1, 2024, the aggregate amount of credits available shall not exceed $75 million per fiscal year.

Bill status signed all 5 stages cleared

Introduction

Jan 2024

Committee Review

Mar 2024

House of Delegates Passage

Mar 2024

Senate Passage

Mar 2024

Signed into Law

Apr 2024

Introduced Jan 9, 2024 Signed Apr 4, 2024

Floor votes · Senate Feb 27, 2024 · House of Delegates Feb 13, 2024

How they voted

39–0

Passed · 1 other

Total votes 40

Feb 27, 2024

D Democratic21

21 Yea

100% Yea

R Republican19

18 Yea 1

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 4, 2024

Signed into law

Approved by Governor-Chapter 462 (effective 7/1/24)

executive

Mar 26, 2024

Lower · Passed

Signed by Speaker

lower

Mar 25, 2024

Upper · Passed

Signed by President

upper

Mar 25, 2024

Lower · Passed

Bill text as passed House and Senate (HB960ER)

lower

Mar 7, 2024

Upper · Passed

Conference report agreed to by Senate (38-Y 2-N)

upper

Mar 6, 2024

Lower · Passed

Conference report agreed to by House (78-Y 19-N)

lower

Mar 6, 2024

Legislature · Passed

Amended by conference committee

legislature

Feb 28, 2024

Committee

Senate requested conference committee

upper

Feb 28, 2024

Upper · Passed

Passed Senate with substitute (39-Y 0-N)

upper

Feb 27, 2024

Upper · Passed

Reported from Finance and Appropriations with substitute (15-Y 0-N)

upper

Feb 27, 2024

Upper · Passed

Senate subcommittee amendments and substitutes offered

upper

Feb 27, 2024

Senate · Passed

Senate Vote: pass (39-0-1)

senate

Feb 14, 2024

Committee

Referred to Committee on Finance and Appropriations

upper

Feb 13, 2024

Lower · Passed

VOTE: Passage (62-Y 37-N)

lower

Feb 13, 2024

Lower · Passed

Read third time and passed House (62-Y 37-N)

lower

Feb 12, 2024

Introduced

Engrossed by House as amended HB960E

lower

Feb 12, 2024

Lower · Passed

Committee amendments agreed to

lower

Feb 7, 2024

Lower · Passed

Reported from Appropriations with amendment(s) (14-Y 8-N)

lower

Feb 7, 2024

Lower · Passed

Subcommittee recommends reporting with amendments (7-Y 1-N)

lower

Feb 7, 2024

Lower · Passed

House subcommittee amendments and substitutes offered

lower

Feb 6, 2024

Committee

Assigned App. sub: Commerce Agriculture & Natural Resources

lower

Jan 31, 2024

Committee

Referred to Committee on Appropriations

lower

Jan 31, 2024

Lower · Passed

Reported from Finance (13-Y 9-N)

lower

Jan 29, 2024

Committee

Subcommittee recommends referring to Committee on Appropriations

lower

Jan 29, 2024

Lower · Passed

Subcommittee recommends reporting (5-Y 3-N)

lower

Jan 25, 2024

Committee

Assigned Finance sub: Subcommittee #1

lower

Jan 9, 2024

Committee

Referred to Committee on Finance

lower

1 primary · 1 co-sponsor