Income tax, state; remainder of revenues transferred to Land Conservation Fund for distribution. (SB264)

Introduced By

Sen. Mary Margaret Whipple (D-Arlington)

Progress

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

Description

Land preservation tax credit; fee for transfer of credits.  Changes the fee for the sale or distribution of land preservation tax credits to two percent of the value of the donated interest. Currently, the fee is two percent of the value of the donated interest, but not to exceed $10,000. Amends § 58.1-513, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2010Prefiled and ordered printed; offered 01/13/10 10102300D
01/12/2010Referred to Committee on Finance
02/08/2010Impact statement from TAX (SB264)
02/16/2010Reported from Finance with substitute (15-Y 0-N) (see vote tally)
02/16/2010Committee substitute printed 10105134D-S1
02/17/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/18/2010Read second time
02/18/2010Reading of substitute waived
02/18/2010Committee substitute agreed to 10105134D-S1
02/18/2010Engrossed by Senate - committee substitute SB264S1
02/19/2010Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/22/2010Placed on Calendar
02/22/2010Read first time
02/22/2010Referred to Committee on Finance
02/22/2010Assigned Finance sub: #2
02/22/2010Impact statement from TAX (SB264S1)
02/24/2010Subcommittee recommends reporting (10-Y 0-N)
03/01/2010Reported from Finance (22-Y 0-N) (see vote tally)
03/02/2010Read second time
03/03/2010Read third time
03/03/2010Passed House BLOCK VOTE (99-Y 0-N)
03/03/2010VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/05/2010Impact statement from TAX (SB264ER)
03/11/2010Enrolled
03/11/2010Bill text as passed Senate and House (SB264ER)
03/11/2010Signed by Speaker
03/13/2010Signed by President
04/08/2010G Approved by Governor-Chapter 248 (effective 7/1/10)
04/08/2010G Acts of Assembly Chapter text (CHAP0248)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 25 seconds.