SB259: Land preservation tax credit; elimination of verification of conservation value.

Chief Patron

Sen. Creigh Deeds (D-25)

Creigh Deeds (D-25)
Served: 2001–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

01/30/2008: Failed to Pass in Committee

View Entire History

Summary

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.