Land preservation tax credit; reduces amount that may be claimed for taxable years 2012 and 2013. (HB1268)

Introduced By

Del. Bob Brink (D-Arlington)

Progress

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

Description

Land preservation tax credit. Reduces from $100,000 to $50,000 the amount of the land preservation tax credit that may be claimed for taxable years 2012 and 2013. Any taxpayer affected by the credit reduction would be allowed two additional taxable years in which to claim the land preservation tax credit. Amends § 58.1-512, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/20/2012Presented and ordered printed 12104219D
01/20/2012Referred to Committee on Finance
01/24/2012Assigned Finance sub: #3
01/26/2012Impact statement from TAX (HB1268)
01/27/2012Subcommittee recommends reporting (5-Y 0-N)
02/10/2012Continued to 2013 in Finance
11/29/2012Left in Finance