---
type: "Bill"
title: "Historic rehabilitation; maximum amount of tax credit."
description: "Historic rehabilitation tax credit; maximum amount of tax credit. Increases from $5 million to $10 million the maximum amount of the historic rehabilitation tax credit, including amounts carried over from prior taxable years, that may be claimed by a taxpayer in any taxable year beginning in taxable year 2024. Beginning July 1, 2024, the aggregate amount of credits available shall not exceed $75 million per fiscal year."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2024"
identifier: "HB 960"
citation: "Virginia HB 960 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Alfonso H. Lopez"]
version_count: 6
action_count: 53
vote_count: 12
first_action: "2024-01-09"
last_action: "2024-04-04"
source: "openstates"
source_identifier: "ocd-bill/5b8dcef2-9318-4318-8f73-c180cd168163"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB960"
source_hash: "a4c50cf827512907bfb102732f087f536eba1f08885b7b0aa1f40761e7f9f586"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia HB 960 (2024) — Historic rehabilitation; maximum amount of tax credit.

Historic rehabilitation tax credit; maximum amount of tax credit. Increases from $5 million to $10 million the maximum amount of the historic rehabilitation tax credit, including amounts carried over from prior taxable years, that may be claimed by a taxpayer in any taxable year beginning in taxable year 2024. Beginning July 1, 2024, the aggregate amount of credits available shall not exceed $75 million per fiscal year.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **CHAP0462** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0462)
2. **Committee substitute printed 24108322D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960S1)
3. **Conference substitute printed 24108726D-H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960H1)
4. **HB960ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960ER)
5. **Prefiled and ordered printed; offered 01/10/24 24101549D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960)
6. **Printed as engrossed 24101549D-E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960E)

## Votes

- Subcommittee recommends reporting with amendments (7-Y 1-N) — **7–1** (pass) · lower
- Subcommittee recommends reporting (5-Y 3-N) — **5–3** (pass) · lower
- Reported from Appropriations with amendment(s) (14-Y 8-N) — **14–8** (pass) · lower
- VOTE: Passage (62-Y 37-N) — **61–37** (pass) · lower
- Senate insisted on substitute (39-Y 0-N) — **39–0** (pass) · upper
- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
- Passed Senate with substitute (39-Y 0-N) — **39–0** (pass) · upper
- VOTE: REJECTED (0-Y 98-N) — **0–97** (fail) · lower
- Reported from Finance and Appropriations with substitute (15-Y 0-N) — **15–0** (pass) · upper
- Conference report agreed to by Senate (38-Y 2-N) — **38–2** (pass) · upper
- Reported from Finance (13-Y 9-N) — **13–9** (pass) · lower
- VOTE: Adoption (78-Y 19-N) — **77–19** (pass) · lower

## Sponsors

- Alfonso H. Lopez — primary (person)
- Jackie H. Glass — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-09** Prefiled and ordered printed; offered 01/10/24 24101549D `filing, introduction`
- **2024-01-09** Referred to Committee on Finance `referral-committee`
- **2024-01-25** Assigned Finance sub: Subcommittee #1 `referral-committee`
- **2024-01-28** Impact statement from TAX (HB960)
- **2024-01-29** Subcommittee recommends reporting (5-Y 3-N)
- **2024-01-29** Subcommittee recommends referring to Committee on Appropriations `referral-committee`
- **2024-01-31** Reported from Finance (13-Y 9-N) `committee-passage`
- **2024-01-31** Referred to Committee on Appropriations `referral-committee`
- **2024-02-06** Assigned App. sub: Commerce Agriculture & Natural Resources `referral-committee`
- **2024-02-07** House subcommittee amendments and substitutes offered
- **2024-02-07** Subcommittee recommends reporting with amendments (7-Y 1-N)
- **2024-02-07** Reported from Appropriations with amendment(s) (14-Y 8-N) `committee-passage`
- **2024-02-09** Read first time `reading-1`
- **2024-02-12** Read second time `reading-2`
- **2024-02-12** Committee amendments agreed to `amendment-passage`
- **2024-02-12** Engrossed by House as amended HB960E
- **2024-02-12** Printed as engrossed 24101549D-E
- **2024-02-13** Read third time and passed House (62-Y 37-N) `passage, reading-3`
- **2024-02-13** VOTE: Passage (62-Y 37-N) `passage`
- **2024-02-14** Constitutional reading dispensed
- **2024-02-14** Referred to Committee on Finance and Appropriations `referral-committee`
- **2024-02-21** Impact statement from TAX (HB960E)
- **2024-02-27** Senate subcommittee amendments and substitutes offered
- **2024-02-27** Committee substitute printed 24108322D-S1 `substitution`
- **2024-02-27** Constitutional reading dispensed (39-Y 0-N)
- **2024-02-27** Reported from Finance and Appropriations with substitute (15-Y 0-N) `committee-passage`
- **2024-02-28** Read third time `reading-3`
- **2024-02-28** Reading of substitute waived
- **2024-02-28** Committee substitute agreed to 24108322D-S1 `substitution`
- **2024-02-28** Engrossed by Senate - committee substitute HB960S1 `substitution`
- **2024-02-28** Passed Senate with substitute (39-Y 0-N) `passage`
- **2024-02-28** Senate substitute rejected by House 24108322D-S1 (0-Y 98-N)
- **2024-02-28** VOTE: REJECTED (0-Y 98-N)
- **2024-02-28** Senate insisted on substitute (39-Y 0-N) `substitution`
- **2024-02-28** Senate requested conference committee `referral-committee`
- **2024-02-28** House acceded to request
- **2024-02-28** Conferees appointed by House
- **2024-02-28** Delegates: Lopez, Mundon King, Bloxom
- **2024-02-28** Conferees appointed by Senate
- **2024-02-28** Senators: Williams Graves, Surovell, Locke
- **2024-03-06** Amended by conference committee
- **2024-03-06** Conference substitute printed 24108726D-H1
- **2024-03-06** Conference report agreed to by House (78-Y 19-N) `committee-passage-favorable`
- **2024-03-06** VOTE: Adoption (78-Y 19-N)
- **2024-03-07** Conference report agreed to by Senate (38-Y 2-N) `committee-passage-favorable`
- **2024-03-25** Enrolled `enrolled`
- **2024-03-25** Bill text as passed House and Senate (HB960ER) `passage`
- **2024-03-25** Signed by President `passage`
- **2024-03-26** Signed by Speaker `passage`
- **2024-03-27** Enrolled Bill communicated to Governor on March 27, 2024 `enrolled, executive-receipt`
- **2024-03-27** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
- **2024-04-04** Approved by Governor-Chapter 462 (effective 7/1/24) `executive-signature`
- **2024-04-04** Acts of Assembly Chapter text (CHAP0462)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5b8dcef2-9318-4318-8f73-c180cd168163`. Confidence: reported (aggregated from official Virginia legislature records).