Virginia House Bill 1017 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on April 20 2016 - 100% progression
Action: 2016-04-20 - Governor: Acts of Assembly Chapter text (CHAP0751)
Text: Latest bill text (Chaptered) [HTML]

Education improvement scholarships tax credit; reporting and other requirements. Modifies the tax credit by (i) making the current required report based upon donations qualifying for the credit and scholarships awarded from such donations as of June 30 of the prior calendar year, (ii) increasing from 20 to 40 the number of days by which a scholarship foundation is required to return a preauthorization notice to the Department of Education to certify that a donor has completed his donation to the foundation, (iii) increasing from 14 to 21 the number of days by which a scholarship foundation must convert a donation of marketable securities into cash, and (iv) making clarifying and technical amendments.Under current law, a scholarship foundation must provide a report each year by September 30 to the Department of Education showing the total number and value of donations it received in its most recent fiscal year ended. Under the bill, every scholarship foundation will report on donations received in the 12-month period ending on June 30 of each year. This change will enable the Department of Education to determine whether a scholarship foundation has complied with the statutory requirement to disburse at least 90 percent of its tax-credit-derived funds received during each 12-month period ending on June 30 by the following June 30 for educational scholarships. The bill clarifies that the annual audit, review, or compilation required of a scholarship foundation receiving tax-credit-derived funds is for the foundation's most recent fiscal year ended. Finally, the bill eliminates (a) redundant reporting requirements relating to the total number and dollar value of donations received by a foundation and the total number and dollar amount of educational scholarships awarded by a foundation and (b) the requirement that a scholarship foundation report the percentage of first-time recipients to whom educational scholarships are awarded.

Education improvement scholarships; tax credit, reporting and other requirements.

Del. James Massie [R]

Del. Mark Cole [R]

2016-04-20 - Senate - Senate: Senate concurred in Governor's recommendation (38-Y 1-N) (Y: 38 N: 1 NV: 0 Abs: 0) [PASS]
2016-04-20 - House - House: VOTE: ADOPTION (93-Y 2-N) (Y: 96 N: 2 NV: 5 Abs: 0) [PASS]
2016-03-03 - Senate - Senate: Passed Senate (21-Y 19-N) (Y: 21 N: 19 NV: 0 Abs: 0) [PASS]
2016-03-03 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-03-02 - Senate - Senate: Reported from Finance (11-Y 3-N) (Y: 11 N: 3 NV: 0 Abs: 0) [PASS]
2016-02-04 - House - House: VOTE: PASSAGE (66-Y 32-N) (Y: 68 N: 33 NV: 2 Abs: 0) [PASS]
2016-02-01 - House - House: Reported from Finance with amendment (16-Y 6-N) (Y: 16 N: 6 NV: 0 Abs: 0) [PASS]
2016-01-20 - House - House: Subcommittee recommends reporting (8-Y 2-N) (Y: 8 N: 2 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2016-04-20		Governor: Acts of Assembly Chapter text (CHAP0751)
2016-04-20	House	Enacted, Chapter 751 (effective 7/1/16)
2016-04-20	Senate	Signed by President as reenrolled
2016-04-20	House	Signed by Speaker as reenrolled
2016-04-20	House	Reenrolled bill text (HB1017ER2)
2016-04-20	House	Reenrolled
2016-04-20		Governor: Governor's recommendation adopted
2016-04-20	Senate	Senate concurred in Governor's recommendation (38-Y 1-N)
2016-04-20	House	VOTE: ADOPTION (93-Y 2-N)
2016-04-20	House	House concurred in Governor's recommendation (93-Y 2-N)
2016-04-20	House	Placed on Calendar
2016-04-06	House	Governor's recommendation received by House
2016-03-09		Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
2016-03-09	House	Enrolled Bill communicated to Governor on 3/9/2016
2016-03-09	Senate	Signed by President
2016-03-07	House	Signed by Speaker
2016-03-07	House	Bill text as passed House and Senate (HB1017ER)
2016-03-07	House	Enrolled
2016-03-03	Senate	Passed Senate (21-Y 19-N)
2016-03-03	Senate	Read third time
2016-03-03	Senate	Constitutional reading dispensed (40-Y 0-N)
2016-03-02	Senate	Reported from Finance (11-Y 3-N)
2016-02-05	Senate	Referred to Committee on Finance
2016-02-05	Senate	Constitutional reading dispensed
2016-02-04	House	VOTE: PASSAGE (66-Y 32-N)
2016-02-04	House	Read third time and passed House (66-Y 32-N)
2016-02-03	House	Printed as engrossed 16102511D-E
2016-02-03	House	Engrossed by House as amended HB1017E
2016-02-03	House	Committee amendment agreed to
2016-02-03	House	Read second time
2016-02-02	House	Read first time
2016-02-01	House	Reported from Finance with amendment (16-Y 6-N)
2016-01-20	House	Subcommittee recommends reporting (8-Y 2-N)
2016-01-19	House	Assigned Finance sub: Subcommittee #1
2016-01-13	House	Referred to Committee on Finance
2016-01-13	House	Prefiled and ordered printed; offered 01/13/16 16102511D

SB589 (Same As) 2016-04-20 - Governor: Acts of Assembly Chapter text (CHAP0767)

Chapter	Article	Section	Citation Type	Statute Text
58	1	439.26	(n/a)	See Bill Text
58	1	439.28	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+HB1017
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1017+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1017E+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1017ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1017ER2+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0751+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H1001V0005+HB1017
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H10V0057+HB1017
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV0289+HB1017
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S05V0248+HB1017
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0841HB1017+HB1017
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0848HB1017+HB1017
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV1430+HB1017
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV1176HB1017+HB1017