Land preservation tax credits; requires use of licensed transfer agent to transfer to taxpayer. (SB1087)
Introduced By
Sen. Emmett Hanger (R-Mount Solon)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Transfers of land preservation tax credits. Requires the use of a licensed transfer agent to transfer a land preservation tax credit to a taxpayer who is not an individual. Transfer agents would be licensed by the Department of Taxation. The bill provides licensing requirements for transfer agents. The bill allows the Tax Commissioner to revoke or suspend the license of, or impose a monetary penalty upon, any transfer agent who repeatedly transfers land preservation tax credits that are subsequently disallowed in whole or in part by the Department. Read the Bill »
Status
02/02/2011: Merged into SB1232
History
| Date | Action |
|---|---|
| 01/11/2011 | Prefiled and ordered printed; offered 01/12/11 11101302D |
| 01/11/2011 | Referred to Committee on Finance |
| 01/25/2011 | Impact statement from TAX (SB1087) |
| 02/02/2011 | Incorporated by Finance (SB1232-Deeds) (14-Y 0-N) (see vote tally) |