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---
type: "Bill"
title: "Virginia housing opportunity; tax credit established."
description: "Virginia housing opportunity tax credit.Establishes, starting in taxable year 2021, a Virginia housing opportunitytax credit, which is equal to the amount of the federal low-incomehousing tax credit allocated or allowed by the Virginia Housing DevelopmentAuthority to a low-income building that is eligible for the federalcredit. The credit would be nonrefundable and could be carried forward for up to five years."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2021"
identifier: "SB 1197"
citation: "Virginia SB 1197 (2021)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Mamie E. Locke"]
version_count: 5
action_count: 49
vote_count: 13
first_action: "2021-01-11"
last_action: "2021-05-18"
source: "openstates"
source_identifier: "ocd-bill/5de9ffce-0edf-4ee8-98c6-c8a833091c19"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+SB1197"
source_hash: "054aee282d7395870a56752f66f4d50503f1f4e4fc08cdc6052396abc0e87707"
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 SB 1197 (2021) — Virginia housing opportunity; tax credit established.
Virginia housing opportunity tax credit.Establishes, starting in taxable year 2021, a Virginia housing opportunitytax credit, which is equal to the amount of the federal low-incomehousing tax credit allocated or allowed by the Virginia Housing DevelopmentAuthority to a low-income building that is eligible for the federalcredit. The credit would be nonrefundable and could be carried forward for up to five years.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **CHAP0495** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0495)
2. **Committee substitute printed 21200332D-H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1197H1)
3. **Conference substitute printed 21200718D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1197S1)
4. **Prefiled and ordered printed; offered 01/13/21 21102520D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1197)
5. **SB1197ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1197ER)
## Votes
- Continued to Special Session 1 in Finance — **00** (fail) · lower
- Passed Senate (39-Y 0-N) — **390** (pass) · upper
- Senate acceded to request (37-Y 0-N) — **370** (pass) · upper
- VOTE: Agreed To (60-Y 39-N) — **5939** (pass) · lower
- House substitute rejected by Senate (1-Y 36-N) — **136** (fail) · upper
- Constitutional reading dispensed (38-Y 0-N) — **380** (pass) · upper
- Reported from Finance with amendment(s) (14-Y 8-N) — **148** (pass) · lower
- Constitutional reading dispensed (37-Y 0-N) — **370** (pass) · upper
- Reported from Appropriations with substitute (12-Y 8-N) — **128** (pass) · lower
- Conference report agreed to by Senate (39-Y 0-N) — **390** (pass) · upper
- VOTE: Passage (61-Y 39-N) — **6039** (pass) · lower
- Reported from Finance and Appropriations (16-Y 0-N) — **160** (pass) · upper
- Subcommittee recommends reporting with substitute (5-Y 0-N) — **50** (pass) · lower
## Sponsors
- Mamie E. Locke — primary (person)
- Jennifer B. Boysko — cosponsor (person)
- Jennifer L. McClellan — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2021-01-11** Prefiled and ordered printed; offered 01/13/21 21102520D `introduction`
- **2021-01-11** Referred to Committee on Finance and Appropriations `referral-committee`
- **2021-01-23** Impact statement from TAX (SB1197)
- **2021-02-02** Reported from Finance and Appropriations (16-Y 0-N) `committee-passage`
- **2021-02-03** Constitutional reading dispensed (37-Y 0-N)
- **2021-02-04** Read second time and engrossed `reading-2`
- **2021-02-04** Constitutional reading dispensed (38-Y 0-N)
- **2021-02-04** Passed Senate (39-Y 0-N) `passage`
- **2021-02-07** Placed on Calendar
- **2021-02-07** Read first time `reading-1`
- **2021-02-07** Referred to Committee on Finance `referral-committee`
- **2021-02-08** Continued to Special Session 1 in Finance
- **2021-02-15** House committee, floor amendments and substitutes offered
- **2021-02-15** Reported from Finance with amendment(s) (14-Y 8-N) `committee-passage`
- **2021-02-15** Referred to Committee on Appropriations `referral-committee`
- **2021-02-16** Assigned App. sub: Commerce Agriculture & Natural Resources `referral-committee`
- **2021-02-17** House subcommittee amendments and substitutes offered
- **2021-02-17** Subcommittee recommends reporting with substitute (5-Y 0-N)
- **2021-02-17** Reported from Appropriations with substitute (12-Y 8-N) `committee-passage`
- **2021-02-17** Committee substitute printed 21200332D-H1 `substitution`
- **2021-02-18** Read second time `reading-2`
- **2021-02-19** Read third time `reading-3`
- **2021-02-19** Passed by temporarily
- **2021-02-19** Committee on Finance amendment agreed to
- **2021-02-19** Committee on Finance amendment reconsidered
- **2021-02-19** Committee on Finance amendment rejected
- **2021-02-19** Committee on Appropriations substitute agreed to 21200332D-H1
- **2021-02-19** Engrossed by House - committee substitute SB1197H1
- **2021-02-19** Passed House with substitute (61-Y 39-N) `passage`
- **2021-02-19** VOTE: Passage (61-Y 39-N)
- **2021-02-19** Passed by temporarily
- **2021-02-19** House substitute rejected by Senate (1-Y 36-N)
- **2021-02-19** House insisted on substitute
- **2021-02-19** House requested conference committee
- **2021-02-19** Senate acceded to request (37-Y 0-N)
- **2021-02-19** Conferees appointed by Senate
- **2021-02-19** Conferees appointed by House
- **2021-02-26** Amended by conference committee
- **2021-02-26** Conference substitute printed 21200718D-S1
- **2021-02-27** Conference report agreed to by Senate (39-Y 0-N)
- **2021-02-27** Conference report agreed to by House (60-Y 39-N)
- **2021-02-27** VOTE: Agreed To (60-Y 39-N)
- **2021-03-09** Enrolled
- **2021-03-09** Signed by President
- **2021-03-11** Signed by Speaker
- **2021-03-15** Enrolled Bill Communicated to Governor on March 15, 2021
- **2021-03-15** Governor's Action Deadline 11:59 p.m., March 31, 2021
- **2021-03-31** Approved by Governor-Chapter 495 (effective 7/1/21) `executive-signature`
- **2021-05-18** Impact statement from TAX (SB1197ER)
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5de9ffce-0edf-4ee8-98c6-c8a833091c19`. Confidence: reported (aggregated from official Virginia legislature records).