republic-os/legislation/us/states/va/2024/sb-556.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Historic rehabilitation; maximum amount of tax credit.	Historic rehabilitation tax credit; increase.Increases from $5 million to $10 million, beginning in taxable year2024, the maximum amount of the historic rehabilitation tax credit,including amounts carried over from prior taxable years, that maybe claimed by a taxpayer in any taxable year. In addition, shouldthe taxpayer incur expenses toward the rehabilitation of a certifiedhistoric structure in a locality that has a designated enterprise zone, as defined in relevant law, the taxpayer may claim up to anadditional $10 million in any taxable year.	us/states/va	Virginia General Assembly	2024	SB 556	Virginia SB 556 (2024)	bill		enacted	Angelia Williams Graves	4	46	10	2024-01-10	2024-04-04	openstates	ocd-bill/61e92dd6-a85b-4814-8a19-285d3bb829a8	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB556	7e8e0a6844b86e6888680240cb0fa3e801594ae65285827efb305ab0614a7165	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia SB 556 (2024) — Historic rehabilitation; maximum amount of tax credit.

Historic rehabilitation tax credit; increase.Increases from $5 million to $10 million, beginning in taxable year2024, the maximum amount of the historic rehabilitation tax credit,including amounts carried over from prior taxable years, that maybe claimed by a taxpayer in any taxable year. In addition, shouldthe taxpayer incur expenses toward the rehabilitation of a certifiedhistoric structure in a locality that has a designated enterprise zone, as defined in relevant law, the taxpayer may claim up to anadditional $10 million in any taxable year.

Version chain

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

1. CHAP0512 (committee substitute) — source
2. Committee substitute printed 24107347D-S1 (committee substitute) — source
3. Prefiled and ordered printed; offered 01/10/24 24102367D (committee substitute) — source
4. SB556ER (committee substitute) — source

Votes

• Senate acceded to request (39-Y 0-N) — 39–0 (pass) · upper
• Reported from Appropriations with amendment(s) (19-Y 3-N) — 19–3 (pass) · lower
• VOTE: Adoption (80-Y 18-N) — 79–18 (pass) · lower
• Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
• Reported from Finance (16-Y 6-N) — 16–6 (pass) · lower
• Read third time and passed Senate (40-Y 0-N) — 40–0 (pass) · upper
• VOTE: Passage (73-Y 25-N) — 72–25 (pass) · lower
• Conference report agreed to by Senate (39-Y 1-N) — 39–1 (pass) · upper
• House amendment rejected by Senate (0-Y 39-N) — 0–39 (fail) · upper
• Reported from Finance and Appropriations with substitute (13-Y 2-N) — 13–2 (pass) · upper

Sponsors

• Angelia Williams Graves — primary (person)
• Bonita G. Anthony — cosponsor (person)
• Irene Shin — cosponsor (person)
• Lamont Bagby — cosponsor (person)
• Nadarius E. Clark — cosponsor (person)
• Saddam Azlan Salim — cosponsor (person)
• Scott A. Surovell — cosponsor (person)
• Shelly A. Simonds — cosponsor (person)

Timeline

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

• 2024-01-10 Prefiled and ordered printed; offered 01/10/24 24102367D filing, introduction
• 2024-01-10 Referred to Committee on Finance and Appropriations referral-committee
• 2024-01-26 Impact statement from TAX (SB556)
• 2024-02-07 Reported from Finance and Appropriations with substitute (13-Y 2-N) committee-passage
• 2024-02-07 Committee substitute printed 24107347D-S1 substitution
• 2024-02-08 Constitutional reading dispensed (40-Y 0-N)
• 2024-02-09 Read second time reading-2
• 2024-02-09 Reading of substitute waived
• 2024-02-09 Committee substitute agreed to 24107347D-S1 substitution
• 2024-02-09 Engrossed by Senate - committee substitute SB556S1 substitution
• 2024-02-12 Read third time and passed Senate (40-Y 0-N) passage, reading-3
• 2024-02-14 Impact statement from TAX (SB556S1)
• 2024-02-15 Placed on Calendar
• 2024-02-15 Read first time reading-1
• 2024-02-15 Referred to Committee on Finance referral-committee
• 2024-02-19 Reported from Finance (16-Y 6-N) committee-passage
• 2024-02-19 Referred to Committee on Appropriations referral-committee
• 2024-02-19 Assigned App. sub: Commerce Agriculture & Natural Resources referral-committee
• 2024-02-26 Reported from Appropriations with amendment(s) (19-Y 3-N) committee-passage
• 2024-02-27 Read second time reading-2
• 2024-02-28 Read third time reading-3
• 2024-02-28 Committee amendment agreed to amendment-passage
• 2024-02-28 Engrossed by House as amended
• 2024-02-28 Passed House with amendment (73-Y 25-N) passage
• 2024-02-28 VOTE: Passage (73-Y 25-N) passage
• 2024-02-28 House amendment rejected by Senate (0-Y 39-N) amendment-failure
• 2024-02-28 House insisted on amendment
• 2024-02-28 House requested conference committee referral-committee
• 2024-02-28 Senate acceded to request (39-Y 0-N)
• 2024-02-28 Conferees appointed by Senate
• 2024-02-28 Senators: Williams Graves, Obenshain, Surovell
• 2024-02-28 Conferees appointed by House
• 2024-02-28 Delegates: Lopez, Mundon King, Bloxom
• 2024-03-06 Amended by conference committee
• 2024-03-06 Conference report agreed to by House (80-Y 18-N) committee-passage-favorable
• 2024-03-06 VOTE: Adoption (80-Y 18-N)
• 2024-03-07 Conference report agreed to by Senate (39-Y 1-N) committee-passage-favorable
• 2024-03-25 Enrolled enrolled
• 2024-03-25 Bill text as passed Senate and House (SB556ER) 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
• 2024-03-27 Governor's Action Deadline 11:59 p.m., April 8, 2024 executive-receipt
• 2024-03-31 Impact statement from TAX (SB556ER)
• 2024-04-04 Approved by Governor-Chapter 512 (effective 7/1/24) executive-signature
• 2024-04-04 Acts of Assembly Chapter text (CHAP0512)

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/61e92dd6-a85b-4814-8a19-285d3bb829a8. Confidence: reported (aggregated from official Virginia legislature records).