Virginia 2020, 1st Special Session Status: In Committee

SB 5102 — Income tax, state; credit for landlords for rent forgone due to the COVID-19 pandemic.

Last action — Passed by indefinitely in Finance and Appropriations (11-Y 5-N)

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House of Delegates
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020, 1st Special Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Income tax credit for rent forgone due to theCOVID-19 pandemic. Establishes for taxable years 2020 through2024 a nonrefundable income tax credit for landlords for any residentialrent forgone during the COVID-19 pandemic. The amount of the creditis 65 percent of lost rent and is limited to $250,000 per taxpayerper year; any excess can be carried forward for up to three years.If a landlord receives rent for which he claimed a credit, such landlordis required to remit to the Department of Taxation the applicable portion of the credit that was granted within 90 days of receivingit.

Bill Text

  • Impact statement from TAX (SB5102) View text Current html August 18, 2020

Action History

  1. Passed by indefinitely in Finance and Appropriations (11-Y 5-N)

  2. Impact statement from TAX (SB5102)

  3. Referred to Committee on Finance and Appropriations

  4. Prefiled and ordered printed; offered 08/18/20 20200656D

Sponsorship breakdown

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0 sponsors · 0 co-sponsors · 148 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (148)

148 members have not signed on to this bill.

Show all 148 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passed by indefinitely in Finance and Appropriations (11-Y 5-N)

Passed 11 Yea · 5 Nay
Party YeaNayPresentNot Voting
Unaffiliated 11500
Total 11500
% of votes cast 69%31%0%0%
How each member voted (16)
Member Party Vote
Howell, Janet D. — Yea
Norment, Thomas K., Jr. — Nay
Saslaw, Richard L. — Yea
Edwards, John S. — Yea
Newman, Stephen D. — Nay
Hanger, Emmett W., Jr. — Nay
Ruff, Frank M., Jr. — Nay
Barker, George L. — Yea
Petersen, J. Chapman — Yea
Vogel, Jill Holtzman — Nay
McClellan, Jennifer L. — Yea
Adam P. Ebbin — Yea
David W. Marsden — Yea
L. Louise Lucas — Yea
Mamie E. Locke — Yea
R. Creigh Deeds — Yea

Official roll call →

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 5102 do?
Income tax credit for rent forgone due to theCOVID-19 pandemic. Establishes for taxable years 2020 through2024 a nonrefundable income tax credit for landlords for any residentialrent forgone during the COVID-19 pandemic. The amount of the creditis 65 percent of lost rent and is limited to $250,000 per taxpayerper year; any excess can be carried forward for up to three years.If a landlord receives rent for which he claimed a credit, such landlordis required to remit to the Department of Taxation the applicable portion of the credit that was granted within 90 days of receivingit.
What is the current status of SB 5102?
This bill died with 2020, 1st Special Session. It reached “In Committee” 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 5102?
Track SB 5102 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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