Fabio
127 lines
7.5 KiB
Markdown
127 lines
7.5 KiB
Markdown
---
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type: "Bill"
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title: "Historic rehabilitation; maximum amount of tax credit."
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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."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2024"
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identifier: "HB 960"
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citation: "Virginia HB 960 (2024)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Alfonso H. Lopez"]
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version_count: 6
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action_count: 53
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vote_count: 12
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first_action: "2024-01-09"
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last_action: "2024-04-04"
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source: "openstates"
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source_identifier: "ocd-bill/5b8dcef2-9318-4318-8f73-c180cd168163"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB960"
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source_hash: "a4c50cf827512907bfb102732f087f536eba1f08885b7b0aa1f40761e7f9f586"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 960 (2024) — Historic rehabilitation; maximum amount of tax credit.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **CHAP0462** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0462)
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2. **Committee substitute printed 24108322D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960S1)
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3. **Conference substitute printed 24108726D-H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960H1)
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4. **HB960ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960ER)
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5. **Prefiled and ordered printed; offered 01/10/24 24101549D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960)
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6. **Printed as engrossed 24101549D-E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB960E)
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## Votes
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- Subcommittee recommends reporting with amendments (7-Y 1-N) — **7–1** (pass) · lower
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- Subcommittee recommends reporting (5-Y 3-N) — **5–3** (pass) · lower
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- Reported from Appropriations with amendment(s) (14-Y 8-N) — **14–8** (pass) · lower
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- VOTE: Passage (62-Y 37-N) — **61–37** (pass) · lower
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- Senate insisted on substitute (39-Y 0-N) — **39–0** (pass) · upper
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- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
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- Passed Senate with substitute (39-Y 0-N) — **39–0** (pass) · upper
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- VOTE: REJECTED (0-Y 98-N) — **0–97** (fail) · lower
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- Reported from Finance and Appropriations with substitute (15-Y 0-N) — **15–0** (pass) · upper
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- Conference report agreed to by Senate (38-Y 2-N) — **38–2** (pass) · upper
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- Reported from Finance (13-Y 9-N) — **13–9** (pass) · lower
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- VOTE: Adoption (78-Y 19-N) — **77–19** (pass) · lower
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## Sponsors
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- Alfonso H. Lopez — primary (person)
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- Jackie H. Glass — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-01-09** Prefiled and ordered printed; offered 01/10/24 24101549D `filing, introduction`
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- **2024-01-09** Referred to Committee on Finance `referral-committee`
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- **2024-01-25** Assigned Finance sub: Subcommittee #1 `referral-committee`
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- **2024-01-28** Impact statement from TAX (HB960)
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- **2024-01-29** Subcommittee recommends reporting (5-Y 3-N)
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- **2024-01-29** Subcommittee recommends referring to Committee on Appropriations `referral-committee`
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- **2024-01-31** Reported from Finance (13-Y 9-N) `committee-passage`
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- **2024-01-31** Referred to Committee on Appropriations `referral-committee`
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- **2024-02-06** Assigned App. sub: Commerce Agriculture & Natural Resources `referral-committee`
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- **2024-02-07** House subcommittee amendments and substitutes offered
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- **2024-02-07** Subcommittee recommends reporting with amendments (7-Y 1-N)
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- **2024-02-07** Reported from Appropriations with amendment(s) (14-Y 8-N) `committee-passage`
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- **2024-02-09** Read first time `reading-1`
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- **2024-02-12** Read second time `reading-2`
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- **2024-02-12** Committee amendments agreed to `amendment-passage`
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- **2024-02-12** Engrossed by House as amended HB960E
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- **2024-02-12** Printed as engrossed 24101549D-E
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- **2024-02-13** Read third time and passed House (62-Y 37-N) `passage, reading-3`
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- **2024-02-13** VOTE: Passage (62-Y 37-N) `passage`
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- **2024-02-14** Constitutional reading dispensed
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- **2024-02-14** Referred to Committee on Finance and Appropriations `referral-committee`
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- **2024-02-21** Impact statement from TAX (HB960E)
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- **2024-02-27** Senate subcommittee amendments and substitutes offered
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- **2024-02-27** Committee substitute printed 24108322D-S1 `substitution`
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- **2024-02-27** Constitutional reading dispensed (39-Y 0-N)
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- **2024-02-27** Reported from Finance and Appropriations with substitute (15-Y 0-N) `committee-passage`
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- **2024-02-28** Read third time `reading-3`
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- **2024-02-28** Reading of substitute waived
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- **2024-02-28** Committee substitute agreed to 24108322D-S1 `substitution`
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- **2024-02-28** Engrossed by Senate - committee substitute HB960S1 `substitution`
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- **2024-02-28** Passed Senate with substitute (39-Y 0-N) `passage`
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- **2024-02-28** Senate substitute rejected by House 24108322D-S1 (0-Y 98-N)
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- **2024-02-28** VOTE: REJECTED (0-Y 98-N)
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- **2024-02-28** Senate insisted on substitute (39-Y 0-N) `substitution`
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- **2024-02-28** Senate requested conference committee `referral-committee`
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- **2024-02-28** House acceded to request
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- **2024-02-28** Conferees appointed by House
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- **2024-02-28** Delegates: Lopez, Mundon King, Bloxom
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- **2024-02-28** Conferees appointed by Senate
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- **2024-02-28** Senators: Williams Graves, Surovell, Locke
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- **2024-03-06** Amended by conference committee
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- **2024-03-06** Conference substitute printed 24108726D-H1
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- **2024-03-06** Conference report agreed to by House (78-Y 19-N) `committee-passage-favorable`
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- **2024-03-06** VOTE: Adoption (78-Y 19-N)
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- **2024-03-07** Conference report agreed to by Senate (38-Y 2-N) `committee-passage-favorable`
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- **2024-03-25** Enrolled `enrolled`
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- **2024-03-25** Bill text as passed House and Senate (HB960ER) `passage`
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- **2024-03-25** Signed by President `passage`
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- **2024-03-26** Signed by Speaker `passage`
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- **2024-03-27** Enrolled Bill communicated to Governor on March 27, 2024 `enrolled, executive-receipt`
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- **2024-03-27** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
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- **2024-04-04** Approved by Governor-Chapter 462 (effective 7/1/24) `executive-signature`
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- **2024-04-04** Acts of Assembly Chapter text (CHAP0462)
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## Source
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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).
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