HB 365 Income tax, state and corporate; subtraction for Virginia real estate investment trust income.
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Summary as enacted with Governor's Recommendation: (all summaries)

Income tax subtraction; Virginia real estate investment trust income. Establishes an individual and corporate income tax subtraction for income attributable to an investment in a Virginia real estate investment trust, defined in the bill as an investment fund that is certified by the Department of Taxation as investing at least 90 percent of trust funds in Virginia and at least 40 percent of trust funds in localities that are either distressed or double distressed. The bill defines a distressed locality as one where the unemployment rate is greater than the statewide average or the poverty rate exceeds the statewide average. The bill defines a double distressed locality as one that satisfies both of the preceding criteria. An income tax subtraction would be available only for an investment made on or after January 1, 2019, but before December 31, 2024.

Full text:
01/05/18  House: Prefiled and ordered printed; offered 01/10/18 18103580D  pdf | impact statement
02/01/18  House: Printed as engrossed 18103580D-E  pdf | impact statement
03/01/18  House: Bill text as passed House and Senate (HB365ER)  pdf | impact statement
04/18/18  House: Reenrolled bill text (HB365ER2)  pdf
04/18/18  Governor: Acts of Assembly Chapter text (CHAP0821)  pdf

Amendments:
House subcommittee amendments and substitutes
House committee and floor amendments
Governor's recommendation

Status:
01/05/18  House: Prefiled and ordered printed; offered 01/10/18 18103580D
01/05/18  House: Referred to Committee on Finance
01/23/18  House: Assigned Finance sub: Subcommittee #2
01/24/18  House: Subcommittee recommends reporting with amendment (7-Y 1-N)
01/29/18  House: Reported from Finance with amendments (22-Y 0-N)
01/31/18  House: Read first time
02/01/18  House: Read second time
02/01/18  House: Committee amendments agreed to
02/01/18  House: Engrossed by House as amended HB365E
02/01/18  House: Printed as engrossed 18103580D-E
02/02/18  House: Read third time and passed House (97-Y 0-N)
02/02/18  House: VOTE: PASSAGE (97-Y 0-N)
02/05/18  Senate: Constitutional reading dispensed
02/05/18  Senate: Referred to Committee on Finance
02/27/18  Senate: Reported from Finance (16-Y 0-N)
02/28/18  Senate: Constitutional reading dispensed (40-Y 0-N)
02/28/18  Senate: Read third time
02/28/18  Senate: Passed Senate (40-Y 0-N)
03/01/18  House: Enrolled
03/01/18  House: Bill text as passed House and Senate (HB365ER)
03/01/18  House: Signed by Speaker
03/03/18  Senate: Signed by President
03/07/18  House: Enrolled Bill communicated to Governor on March 7, 2018
03/07/18  Governor: Governor's Action Deadline Midnight, April 9, 2018
04/09/18  House: Governor's recommendation received by House
04/18/18  House: House concurred in Governor's recommendation (99-Y 0-N)
04/18/18  House: VOTE: ADOPTION (99-Y 0-N)
04/18/18  Senate: Senate concurred in Governor's recommendation (39-Y 0-N)
04/18/18  Senate: Reconsideration of Governor's recommendation agreed to (38-Y 0-N 1-A)
04/18/18  Senate: Senate concurred in Governor's recommendation (39-Y 0-N)
04/18/18  Governor: Governor's recommendation adopted
04/18/18  House: Reenrolled
04/18/18  House: Reenrolled bill text (HB365ER2)
04/18/18  House: Signed by Speaker as reenrolled
04/18/18  Senate: Signed by President as reenrolled
04/18/18  House: Enacted, Chapter 821 (effective 7/1/18)
04/18/18  Governor: Acts of Assembly Chapter text (CHAP0821)