VA SB580 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on March 7 2016 - 100% progression
Action: 2016-03-07 - Governor: Acts of Assembly Chapter text (CHAP0304)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on March 7 2016 - 100% progression
Action: 2016-03-07 - Governor: Acts of Assembly Chapter text (CHAP0304)
Text: Latest bill text (Chaptered) [HTML]
Summary
Income tax credit; food crop donations to a food bank. Establishes an individual and corporate income tax credit beginning in 2016 for food crops that are grown by a person engaged in the business of farming and donated by such person to a nonprofit food bank. The credit would equal 30 percent of the fair market value of the food crops donated by the person during the taxable year, not to exceed an aggregate of $5,000 for any taxable year. The bill defines food crops as grains, fruits, nuts, or vegetables. The Department of Taxation will administer the tax credit and may issue up to $250,000 in tax credits each fiscal year. The bill provides for any unused credit to be carried forward for five years. The credit would sunset on January 1, 2022.
Title
Income tax, state and corporate; tax credits for food crop donations to nonprofit food bank.
Sponsors
Roll Calls
2016-02-24 - House - House: VOTE: PASSAGE (97-Y 2-N 1-A) (Y: 100 N: 2 NV: 0 Abs: 1) [PASS]
2016-02-22 - House - House: Reported from Finance (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2016-02-17 - House - House: Subcommittee recommends reporting (9-Y 0-N) (Y: 9 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-10 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-09 - Senate - Senate: Reported from Finance with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-22 - House - House: Reported from Finance (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2016-02-17 - House - House: Subcommittee recommends reporting (9-Y 0-N) (Y: 9 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-10 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-09 - Senate - Senate: Reported from Finance with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2016-03-07 | Governor: Acts of Assembly Chapter text (CHAP0304) | |
2016-03-07 | Governor: Approved by Governor-Chapter 304 (effective 7/1/16) | |
2016-02-29 | Governor: Governor's Action Deadline Midnight, March 7, 2016 | |
2016-02-29 | Senate | Enrolled Bill Communicated to Governor on 2/29/16 |
2016-02-26 | Senate | Signed by President |
2016-02-25 | House | Signed by Speaker |
2016-02-25 | Senate | Bill text as passed Senate and House (SB580ER) |
2016-02-25 | Senate | Enrolled |
2016-02-24 | House | VOTE: PASSAGE (97-Y 2-N 1-A) |
2016-02-24 | House | Passed House (97-Y 2-N 1-A) |
2016-02-24 | House | Read third time |
2016-02-23 | House | Read second time |
2016-02-22 | House | Reported from Finance (21-Y 1-N) |
2016-02-17 | House | Subcommittee recommends reporting (9-Y 0-N) |
2016-02-16 | House | Assigned Finance sub: Subcommittee #1 |
2016-02-15 | House | Referred to Committee on Finance |
2016-02-15 | House | Read first time |
2016-02-15 | House | Placed on Calendar |
2016-02-11 | Senate | Printed as engrossed 16103014D-E |
2016-02-11 | Senate | Passed Senate (40-Y 0-N) |
2016-02-11 | Senate | Constitutional reading dispensed (40-Y 0-N) |
2016-02-11 | Senate | Engrossed by Senate as amended SB580E |
2016-02-11 | Senate | Committee amendment agreed to |
2016-02-11 | Senate | Reading of amendment waived |
2016-02-11 | Senate | Read second time |
2016-02-10 | Senate | Constitutional reading dispensed (40-Y 0-N) |
2016-02-09 | Senate | Reported from Finance with amendment (15-Y 0-N) |
2016-01-13 | Senate | Referred to Committee on Finance |
2016-01-13 | Senate | Prefiled and ordered printed; offered 01/13/16 16103014D |
Same As/Similar To
HB1093 (Same As) 2016-03-11 - Governor: Acts of Assembly Chapter text reprinted (CHAP0391)
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
58 | 1 | 322 | (n/a) | See Bill Text |
58 | 1 | 402 | (n/a) | See Bill Text |
58 | 1 | 439.12:11 | (n/a) | See Bill Text |