HB960
Historic rehabilitation; maximum amount of tax credit.
Summary
As Passed Both Chambers. Historic rehabilitation tax credit; maximum amount of tax credit.
Increases from $5 million to $7.5 million, beginning in taxable year 2025, 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. This bill is identical to SB 556.-
Bill History
- 01/09/2024 - House: Prefiled and ordered printed; offered 01/10/24 24101549D
- 01/09/2024 - House: Referred to Committee on Finance
- 01/25/2024 - House: Assigned Finance sub: Subcommittee #1
- 01/28/2024 - House: Impact statement from TAX (HB960)
- 01/29/2024 - House: Subcommittee recommends reporting (5-Y 3-N)
- 01/29/2024 - House: Subcommittee recommends referring to Committee on Appropriations
- 01/31/2024 - House: Reported from Finance (13-Y 9-N)
- 01/31/2024 - House: Referred to Committee on Appropriations
- 02/06/2024 - House: Assigned App. sub: Commerce Agriculture & Natural Resources
- 02/07/2024 - House: House subcommittee amendments and substitutes offered
- 02/07/2024 - House: Subcommittee recommends reporting with amendments (7-Y 1-N)
- 02/07/2024 - House: Reported from Appropriations with amendment(s) (14-Y 8-N)
- 02/09/2024 - House: Read first time
- 02/12/2024 - House: Read second time
- 02/12/2024 - House: Committee amendments agreed to
- 02/12/2024 - House: Engrossed by House as amended HB960E
- 02/12/2024 - House: Printed as engrossed 24101549D-E
- 02/13/2024 - House: Read third time and passed House (62-Y 37-N)
- 02/13/2024 - House: VOTE: Passage (62-Y 37-N) Close Floor Vote
- 02/14/2024 - Senate: Constitutional reading dispensed
- 02/14/2024 - Senate: Referred to Committee on Finance and Appropriations
- 02/21/2024 - House: Impact statement from TAX (HB960E)
- 02/27/2024 - Senate: Senate subcommittee amendments and substitutes offered
- 02/27/2024 - Senate: Committee substitute printed 24108322D-S1
- 02/27/2024 - Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/27/2024 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 02/28/2024 - Senate: Read third time
- 02/28/2024 - Senate: Reading of substitute waived
- 02/28/2024 - Senate: Committee substitute agreed to 24108322D-S1
- 02/28/2024 - Senate: Engrossed by Senate - committee substitute HB960S1
- 02/28/2024 - Senate: Passed Senate with substitute (39-Y 0-N)
- 02/28/2024 - House: Senate substitute rejected by House 24108322D-S1 (0-Y 98-N)
- 02/28/2024 - House: VOTE: REJECTED (0-Y 98-N)
- 02/28/2024 - Senate: Senate insisted on substitute (39-Y 0-N)
- 02/28/2024 - Senate: Senate requested conference committee
- 02/28/2024 - House: House acceded to request
- 02/28/2024 - House: Conferees appointed by House
- 02/28/2024 - House: Delegates: Lopez, Mundon King, Bloxom
- 02/28/2024 - Senate: Conferees appointed by Senate
- 02/28/2024 - Senate: Senators: Williams Graves, Surovell, Locke
- 03/06/2024 - Conference: Amended by conference committee
- 03/06/2024 - House: Conference substitute printed 24108726D-H1
- 03/06/2024 - House: Conference report agreed to by House (78-Y 19-N)
- 03/06/2024 - House: VOTE: Adoption (78-Y 19-N)
- 03/07/2024 - Senate: Conference report agreed to by Senate (38-Y 2-N)
- 03/25/2024 - House: Enrolled
- 03/25/2024 - House: Bill text as passed House and Senate (HB960ER)
- 03/25/2024 - Senate: Signed by President
- 03/26/2024 - House: Signed by Speaker
- 03/27/2024 - House: Enrolled Bill communicated to Governor on March 27, 2024
- 03/27/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/04/2024 - Governor: Approved by Governor-Chapter 462 (effective 7/1/24)
- 04/04/2024 - Governor: Acts of Assembly Chapter text (CHAP0462)
