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

Introduced By

Sen. Creigh Deeds (D-Charlottesville) with support from co-patrons Del. Ed Scott (R-Culpeper), and Sen. Edd Houck (D-Spotsylvania)

Progress

Introduced
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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Prefiled and ordered printed; offered 01/09/08 082871220
01/08/2008Referred to Committee on Finance
01/23/2008Impact statement from DPB (SB259)
01/30/2008Continued to 2009 in Finance (16-Y 0-N) (see vote tally)
12/05/2008Left in Finance