Land preservation tax credit; elimination of verification of conservation value. (SB259)
Introduced By
Sen. Creigh Deeds (D-Bath) with support from co-patrons Del. Ed Scott (R-Culpeper), and Sen. Edd Houck (D-Spotsylvania)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Land preservation tax credit; elimination of verification of conservation value. Eliminates Department of Conservation and Recreation verification of conservation value of land donations resulting in $1 million or more in tax credits if the grantee for the donation is the Virginia Outdoors Foundation. Currently, as a condition of the issuance of a land preservation tax credit, the Department must verify the conservation value of donations that will result in $1 million or more in tax credits. Amends § 58.1-512 (“Land preservation tax credits for individuals and corporations.”), of the Code of Virginia. View Full Text »
Outcome
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