Public Comments for 02/15/2021 Finance
SB1130 - Personal property tax; exemption for motor vehicle of a 100 percent disabled veteran.
Last Name: Wagner Locality: Gleann Tholastaidh

Hey House of Delegates Speak team, Lisbeth here from PopShack. Would you be interested to get featured on 200+ popular news sites such as Fox, NBC, CBS, MarketWatch etc.. ? My partners and I think that your website would be a good fit. Getting featured on those websites not only increase your brand confidence, but it also increases your ranking on Google, your website traffic and give you a massive exposure to over 70m readers. To get started you simply need to register here . https://bit.ly/3nYFDSQ . And if you have any questions, you can leave me a message at hello@popshack.co I look forward working with you, Warm regards, Lisbeth from PopShack

SB1158 - Port of Virginia tax credits; extends the sunset date.
Last Name: Vassey Organization: Virginia Manufacturers Association Locality: Richmond

The Virginia Manufacturers Association has committed to expanding manufactured goods exports 50% by 2025. Maintaining a competitive Port of Virginia is critical to achieving that goal. Extending the Port credit is an important tool in maintaining Virginia's competitiveness. The VMA supports this bill.

Last Name: Fediw Organization: Virginia Maritime Association Locality: Norfolk

The Virginia Maritime Association (VMA) supports SB1158. These tax credits are a critical driver of container volumes through The Port of Virginia, essential to filling the newly-added capacity from their recently-completed terminal optimization projects. These port tax incentive programs have been vital in the recruitment of out-of-state businesses, as well the growth of existing businesses within the state. By extending these credits, VMA member companies, as well as others within the Commonwealth, will be incentivized to increase container throughput.

Last Name: Reynolds Organization: Hampton Roads Chamber Locality: Norfolk

The Hampton Roads Chamber supports SB1158. The port tax incentive programs have been a tool to recruit new business and grow current business within the Commonwealth. This bill will strengthen and grow the relationship between the private industry and the Commonwealth. For these reasons, we ask that you support the bill.

Last Name: Rinehart Organization: The Port of Virginia Locality: Norfolk

The port tax credits are an essential tool to drive container volume to The Port of Virginia to fill the newly realized capacity at the Virginia International Gateway and Norfolk International Terminals. These two completed projects have added 1 million annual container capacity at the port. The port tax incentive programs have been a tool to recruit new business and grow current business within the Commonwealth; therefore, by extending the programs, the relationship with private industry and the Commonwealth will prosper, and port volume growth will continue to grow.

Last Name: Wagner Locality: Gleann Tholastaidh

Hey House of Delegates Speak team, Lisbeth here from PopShack. Would you be interested to get featured on 200+ popular news sites such as Fox, NBC, CBS, MarketWatch etc.. ? My partners and I think that your website would be a good fit. Getting featured on those websites not only increase your brand confidence, but it also increases your ranking on Google, your website traffic and give you a massive exposure to over 70m readers. To get started you simply need to register here . https://bit.ly/3nYFDSQ . And if you have any questions, you can leave me a message at hello@popshack.co I look forward working with you, Warm regards, Lisbeth from PopShack

SB1163 - Agricultural equipment; establishes a refundable individual and corporate income tax credit.
Last Name: Wagner Locality: Gleann Tholastaidh

Hey House of Delegates Speak team, Lisbeth here from PopShack. Would you be interested to get featured on 200+ popular news sites such as Fox, NBC, CBS, MarketWatch etc.. ? My partners and I think that your website would be a good fit. Getting featured on those websites not only increase your brand confidence, but it also increases your ranking on Google, your website traffic and give you a massive exposure to over 70m readers. To get started you simply need to register here . https://bit.ly/3nYFDSQ . And if you have any questions, you can leave me a message at hello@popshack.co I look forward working with you, Warm regards, Lisbeth from PopShack

SB1197 - Virginia housing opportunity; tax credit established.
Last Name: Pedowitz Organization: Arlington Chamber of Commerce Locality: Arlington

The Arlington Chamber of Commerce supports SB 1197, a bill to create a Virginia Housing Opportunity Tax Credit. Addressing our housing affordability challenges will require a multi-faceted approach. The Chamber supports both efforts to increase the supply of housing and efforts to ensure access to safe and affordable housing options for our most vulnerable Virginians. The Virginia Housing Opportunity Tax Credit will supplement the Federal Low-Income Housing Tax Credit to attract more private investment into affordable homebuilding in the Commonwealth. We expect that this credit will be a strong investment in our Commonwealth through its investment in housing. We thus encourage the committee to report the bill.

Last Name: Gordon Organization: Virginia Conservation Network Locality: Richmond

VCN and our 150+ partner organizations are in favor.

Last Name: Laura Bateman Organization: Virginia First Cities and City of Richmond Locality: City of Richmond

The Virginia First Cities Coalition and the City of Richmond requests and supports General Assembly actions to provide local governments with all possible tools to deal with the impacts of a market that, on the one hand, is vibrant, and on the other is driving home prices upward to the point of being unaffordable for a vast majority of residents. Our Virginia First Cities need to increase the supply of affordable housing. The Commonwealth can encourage this by providing local governments additional sources for financing and encouraging all possible resources to leverage federal dollars to the benefit of affordable workforce and senior housing. Any and all tools to encourage private developers and non-profits to develop, construct and/or rehabilitate housing that is affordable should be incentivized by the state. This includes specific support for the enactment of a state tax credit program that will work in tandem with the federal Low Income Tax Credit (LITC) program and is specifically for affordable housing.

Last Name: Easter Organization: ChamberRVA Locality: Chesterfield

ChamberRVA fully supports this bill. A state tax credit would provide a critical component for financing low-income housing projects, which are so badly needed in our region and throughout the state.

Last Name: Bruning Organization: Virginia Bankers Association Locality: Glen Allen

Chairwoman Watts and Members of the Committee, the VBA strongly supports Senator Locke's SB 1197. The creation of a Virginia state level affordable housing tax credit compliments and builds on the existing successful federal Low-Income Housing Tax Credit. This program will enable another crucial tool, along with existing programs such as the Housing Trust Fund, historic rehabilitation tax credit and other public and private sector efforts. The federal LIHTC program has incentivized the development and creation of affordable housing stock in Virginia, but the need remains acute for further development. Banks are committed partners in addressing this gap, working with borrowers to incorporate the tax credits into their financing as well as direct and syndicated beneficiaries of the credits as investments. We appreciate the inclusion of the bank franchise tax in this proposal. Mirroring the LIHTC program to the greatest extent possible is critical to ensuring ease of use and clarity and consistency in assembling the best financing plan for these projects. Virginia Housing is well positioned to administer the program and allocate the credits to meet the key needs of the Commonwealth. For those reasons, we support the bill as another important component of addressing the considerable and urgent need for affordable housing in Virginia. We were disappointed Delegate Bourne's HB 2050 did not advance and encourage you reconsider embracing this proposal this session.

Last Name: Wagner Locality: Gleann Tholastaidh

Hey House of Delegates Speak team, Lisbeth here from PopShack. Would you be interested to get featured on 200+ popular news sites such as Fox, NBC, CBS, MarketWatch etc.. ? My partners and I think that your website would be a good fit. Getting featured on those websites not only increase your brand confidence, but it also increases your ranking on Google, your website traffic and give you a massive exposure to over 70m readers. To get started you simply need to register here . https://bit.ly/3nYFDSQ . And if you have any questions, you can leave me a message at hello@popshack.co I look forward working with you, Warm regards, Lisbeth from PopShack

SB1398 - Retail sales and transient occupancy taxes; room rentals.
Last Name: Wagner Locality: Gleann Tholastaidh

Hey House of Delegates Speak team, Lisbeth here from PopShack. Would you be interested to get featured on 200+ popular news sites such as Fox, NBC, CBS, MarketWatch etc.. ? My partners and I think that your website would be a good fit. Getting featured on those websites not only increase your brand confidence, but it also increases your ranking on Google, your website traffic and give you a massive exposure to over 70m readers. To get started you simply need to register here . https://bit.ly/3nYFDSQ . And if you have any questions, you can leave me a message at hello@popshack.co I look forward working with you, Warm regards, Lisbeth from PopShack

SB1423 - Data centers; sales and use tax exemption, clarifies "distressed locality", report.
Last Name: Wagner Locality: Gleann Tholastaidh

Hey House of Delegates Speak team, Lisbeth here from PopShack. Would you be interested to get featured on 200+ popular news sites such as Fox, NBC, CBS, MarketWatch etc.. ? My partners and I think that your website would be a good fit. Getting featured on those websites not only increase your brand confidence, but it also increases your ranking on Google, your website traffic and give you a massive exposure to over 70m readers. To get started you simply need to register here . https://bit.ly/3nYFDSQ . And if you have any questions, you can leave me a message at hello@popshack.co I look forward working with you, Warm regards, Lisbeth from PopShack

End of Comments