Virginia House Bill 1578 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 6 2023 - 25% progression, died in committee
Action: 2023-02-07 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Income tax subtraction; manufactured home park sale. Exempts income earned from the sale of a manufactured home park, as defined in relevant law, to either (i) an entity that is owned by at least 25 percent of the residents of such manufactured home park or (ii) an organization exempt from taxation under § 501(c)(3) of the Internal Revenue Code, provided that such sale terms require the guaranteed maintenance of the property as a manufactured home park for a period of at least 30 years following the sale.

Income tax, state; manufactured home park sale.

Del. Paul Krizek [D]

Del. Vivian Watts [D]

2023-01-16 - House - House: Subcommittee failed to recommend reporting (4-Y 4-N) (Y: 4 N: 4 NV: 0 Abs: 0) [FAIL]

Date	Chamber	Action
2023-02-07	House	Left in Finance
2023-01-16	House	Subcommittee failed to recommend reporting (4-Y 4-N)
2023-01-13	House	Assigned Finance sub: Subcommittee #1
2023-01-06	House	Referred to Committee on Finance
2023-01-06	House	Prefiled and ordered printed; offered 01/11/23 23101975D

Chapter	Article	Section	Citation Type	Statute Text
58	1	322.02	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB1578
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1578+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1578F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H1001V0010+HB1578