Land preservation tax credit; property conveyances for public use. (HB1800)

Introduced By

Sen. Lynwood Lewis (D-Accomac)

Progress

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

Description

Land preservation tax credit; conveyances for public use. Provides that beginning in 2014 the land preservation tax credit would equal 60 percent of the fair market value of any land that is conveyed for (i) the purpose of a public park, public recreational facility, or public trail access easement or (ii) such other public use that will provide a substantial public benefit as identified in guidelines developed by the Department of Conservation and Recreation. Amends § 58.1-512, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2013Committee
01/08/2013Prefiled and ordered printed; offered 01/09/13 13101053D
01/08/2013Referred to Committee on Finance
01/14/2013Assigned Finance sub: #3
01/17/2013Impact statement from TAX (HB1800)
01/18/2013Subcommittee recommends laying on the table (5-Y 0-N)
02/05/2013Left in Finance