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

Introduced By

Sen. Patsy Ticer (D-Alexandria)

Progress

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

Description

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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2008Prefiled and ordered printed; offered 01/09/08 081197336
01/09/2008Referred to Committee on Finance
01/20/2008Impact statement from TAX (SB641)
01/23/2008Continued to 2009 in Finance (16-Y 0-N) (see vote tally)
12/05/2008Left in Finance