HB 824

  • Virginia House Bill
  • 2022 Regular Session
  • Introduced in House Jan 12, 2022
  • House
  • Senate
  • Governor

Low-income housing; tax credit for specialty populations, expands availability.

Abstract

Housing opportunity tax credit; specialty populations. Expands availability beginning in taxable year 2022 of the nonrefundableVirginia Housing Opportunity Tax Credit, which is equal to the amountof the federal low-income housing tax credit allocated or allowedby the Virginia Housing Development Authority, to qualified specialtypopulation projects, defined in the bill as low-income buildingsthat are eligible for the federal credit that creates housing for individuals who (i) have been issued an intellectual disability or developmental disability waiver, (ii) require behavioral health treatmentor services, or (iii) require treatment or services for substanceuse and abuse recovery. No more than $2.5 million in credits shallbe granted per calendar year for such qualified specialty populationprojects.

Bill Sponsors (1)

Votes


Actions


Feb 15, 2022

House

Left in Finance

Feb 07, 2022

House

Subcommittee recommends striking from docket (9-Y 0-N)

Jan 30, 2022

House

Impact statement from TAX (HB824)

Jan 27, 2022

House

Assigned Finance sub: Subcommittee #1

Jan 12, 2022

House

Prefiled and ordered printed; offered 01/12/22 22103281D

House

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/12/22 22103281D PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: HB824F161.PDF PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.