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Landlords, participation; tax credit.

It became law on Apr 8, 2022.

VA HB 402 · House Bill · 2022

Stage
Became law
Started in
House
Sponsor
Rod Willett
Latest action
Apr 8, 2022

What it does

Tax credit for participating landlords. Increases the limit of residents living below the poverty line from less than 10 percent to less than 40 percent to qualify as an eligible census tract for participating landlords to be eligible for the credits on individual and corporate income tax for census tracts outside of the Richmond Metropolitan Statistical Area, the Washington-Arlington-Alexandria Metropolitan Statistical Area, or the Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area. The bill retains the existing limit of less than 10 percent of residents living below the poverty line to qualify as an eligible census tract for participating landlords to be eligible for the…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Apr 8, 2022

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

It is law in Virginia. What happens now is up to the agency that carries it out, the courts, and the place itself.

Work with this bill

Landlords, participation; tax credit. | 52