SB641: Land preservation tax credit; conveyance for public parks, recreational areas, or trails.

Chief Patron

Sen. Patsy Ticer (D-30)

Patsy Ticer (D-30)
Room 2007 Alexandria, VA
Served: 1996–

Progress

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

Status

01/23/2008: Failed to Pass in Committee

View Entire History

Summary

Land preservation tax credit; conveyance for public parks, recreational areas, or trails.  Provides that the land preservation tax credit would equal 60 percent of the fair market value of any land that is conveyed for the purpose of a public park, public recreational facility, or public trail access easement. The board of supervisors of the county or the council of the city in which such land is located would be required to pass a duly adopted resolution that states (i) its approval of the conveyance, and (ii) that the conveyance is in accordance with the comprehensive plan in effect for the county or city.