Land preservation tax credit; DCR to provide estimate of land used for production agriculture, etc. (SB341)

Introduced By

Sen. Emmett Hanger (R-Mount Solon)

Progress

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

Description

Land preservation tax credit; tax credit percentage.  Increases the tax credit percentage for the land preservation tax credit from 40 percent to 50 percent of the fair market value of the land or interest in land conveyed. The bill would be effective for land donations made on or after January 1, 2010. Amends § 58.1-512 (“Land preservation tax credits for individuals and corporations.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History