SB 1012 — Income tax, state; subtraction for certain low-income and middle-income students, effective clause.
Last action — Left in Appropriations
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✓Introduced
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✓In Committee
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3Passed Senate
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4Passed House of Delegates
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5To Executive
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6Enacted
This bill died with 2020 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Individual income tax subtraction for certain low-income and middle-income students. Establishes an individual income tax subtraction starting in taxable year 2021 for any financial assistance received by a student through the Get Skilled, Get a Job, Give Back Program, which was included in the Governor's introduced budget and would offer financial assistance to low-income and middle-income Virginia residents. The provisions of the bill are contingent on funding in a general appropriation act.
Bill Text
What changed in the latest version
45 added · 43 removedPlain-language change summary
The latest version of Bill SB 1012 adds specific language to clarify how taxpayers can benefit from an individual income tax subtraction related to certain low- and middle-income students. It outlines provisions concerning assets associated with victims of Nazi persecution, particularly in relation to trusts. This matters because it potentially expands tax benefits for affected individuals and ensures clarity on how these benefits can be applied, ultimately supporting financial relief for eligible students and their families.
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1012 OfferedSenate Amendments in [ ] January 16,31, 2020 A BILL to amend and reenact § 58.1-322.02 of the Code of Virginia, relating to individual income tax subtraction for certain low-income and middle-income students.
---------- Patron--Patron Prior to Engrossment--Senator Dunnavant ---------- Referred to Committee on Finance and Appropriations ---------- Be it enacted by the General Assembly of Virginia:
In order to be certified as a Virginia real estate investment trust, the trustee shall register the trust with the Department prior to December 31, 2024, indicating that it intends to invest at least 90 percent of trust funds in Virginia and at least 40 percent of trust funds in real estate in localities that are distressed or double distressed.
For taxable years beginning on and after January 1, 2020, [ ] [ 2021 ] , any financial assistance, regardless of the purpose for which it is spent, received by a student through the Get Skilled, Get a Job, Give Back Program that offers financial assistance to low-income and middle-income Virginia residents and that was enacted in the general appropriation act during the 2020 Session of the General Assembly.
[ 2.
That the provisions of this act shall not become effective unless the revenue change reasonably anticipated to result from the implementation of this act is affirmatively accounted for in the total projected revenues set forth in § 3 of the first enactment of the general appropriations act passed by the General Assembly in 2020 that becomes law.
View plain text versions (2)
- Amended Engrossed by Senate as amended SB1012E Current html January 31, 2020
- Impact statement from TAX (SB1012) View text html January 16, 2020
Action History
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Left in Appropriations
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Referred to Committee on Appropriations
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Reported from Finance with amendment (22-Y 0-N)
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Subcommittee recommends referring to Committee on Appropriations
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Subcommittee recommends reporting with amendment (9-Y 0-N)
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Impact statement from TAX (SB1012E)
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Assigned Finance sub: Subcommittee #1
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Referred to Committee on Finance
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Read first time
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Placed on Calendar
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Read third time and passed Senate (40-Y 0-N)
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Printed as engrossed 20104967D-E
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Engrossed by Senate as amended SB1012E
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Committee amendments agreed to
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Reading of amendments waived
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Read second time
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Constitutional reading dispensed (37-Y 0-N)
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Reported from Finance and Appropriations with amendments (15-Y 0-N)
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Impact statement from TAX (SB1012)
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Referred to Committee on Finance and Appropriations
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Presented and ordered printed 20104967D
Sponsors
- Siobhan S. Dunnavant · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 147 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (147)
147 members have not signed on to this bill.
Show all 147 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
Roll call published as PDF — view source.
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 22 | 0 | 0 | 0 |
| Total | 22 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (22)
| Member | Party | Vote |
|---|---|---|
| Lindsey, Joseph C. | — | Yea |
| Ayala, Hala S. | — | Yea |
| Byron, Kathy J. | — | Yea |
| Campbell, Ronnie R. | — | Yea |
| Carroll Foy, Jennifer D. | — | Yea |
| Carter, Lee J. | — | Yea |
| Don Scott | — | Yea |
| Fowler, Hyland F."Buddy," Jr. | — | Yea |
| Gilbert, C. Todd | — | Yea |
| Heretick, Steve E. | — | Yea |
| Hudson, Sally L. | — | Yea |
| Joseph P. McNamara | — | Yea |
| Keam, Mark L. | — | Yea |
| Kory, Kaye | — | Yea |
| Mugler, Martha M. | — | Yea |
| Murphy, Kathleen | — | Yea |
| Orrock, Robert D., Sr. | — | Yea |
| Poindexter, Charles D. | — | Yea |
| R. Lee Ware | — | Yea |
| Richard C. "Rip" Sullivan, Jr. | — | Yea |
| Thomas C. Wright, Jr. | — | Yea |
| Vivian E. Watts | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 9 | 0 | 0 | 2 |
| Total | 9 | 0 | 0 | 2 |
| % of votes cast | 82% | 0% | 0% | 18% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Lindsey, Joseph C. | — | Not Voting |
| Ayala, Hala S. | — | Yea |
| Byron, Kathy J. | — | Yea |
| Campbell, Ronnie R. | — | Yea |
| Carroll Foy, Jennifer D. | — | Not Voting |
| Don Scott | — | Yea |
| Fowler, Hyland F."Buddy," Jr. | — | Yea |
| Keam, Mark L. | — | Yea |
| Kory, Kaye | — | Yea |
| R. Lee Ware | — | Yea |
| Vivian E. Watts | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 37 | 0 | 0 | 3 |
| Total | 37 | 0 | 0 | 3 |
| % of votes cast | 93% | 0% | 0% | 8% |
How each member voted (40)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 15 | 0 | 0 | 0 |
| Total | 15 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (15)
| Member | Party | Vote |
|---|---|---|
| McClellan, Jennifer L. | — | Yea |
| Barker, George L. | — | Yea |
| David W. Marsden | — | Yea |
| Ebbin, Adam P. | — | Yea |
| Edwards, John S. | — | Yea |
| Hanger, Emmett W., Jr. | — | Yea |
| Howell, Janet D. | — | Yea |
| L. Louise Lucas | — | Yea |
| Mamie E. Locke | — | Yea |
| Newman, Stephen D. | — | Yea |
| Norment, Thomas K., Jr. | — | Yea |
| Petersen, J. Chapman | — | Yea |
| R. Creigh Deeds | — | Yea |
| Ruff, Frank M., Jr. | — | Yea |
| Saslaw, Richard L. | — | Yea |
Subjects
Frequently asked questions
- What does SB 1012 do?
- Individual income tax subtraction for certain low-income and middle-income students. Establishes an individual income tax subtraction starting in taxable year 2021 for any financial assistance received by a student through the Get Skilled, Get a Job, Give Back Program, which was included in the Governor's introduced budget and would offer financial assistance to low-income and middle-income Virginia residents. The provisions of the bill are contingent on funding in a general appropriation act.
- Who sponsors SB 1012?
- SB 1012 is sponsored by Dunnavant, Siobhan S..
- What is the current status of SB 1012?
- This bill died with 2020 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 1012?
- Track SB 1012 free on One Click Politics — get push/email alerts when it moves.
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