Land preservation tax credit; increased for working farmers. (SB403)

Introduced By

Sen. Emmett Hanger (R-Mount Solon)

Progress

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

Description

Land preservation tax credit; working farmers.  Increases the land preservation tax credit from 40 percent to 50 percent of the fair market value of the conveyance for working farmers, for tax years beginning on or after January 1, 2013. Amends § 58.1-511, § 58.1-512, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2012Prefiled and ordered printed; offered 01/11/12 12102450D
01/11/2012Referred to Committee on Finance
01/23/2012Impact statement from TAX (SB403)
02/07/2012Continued to 2013 in Finance (15-Y 0-N) (see vote tally)
11/30/2012Left in Finance