Land preservation tax credit; retention of qualified mineral interest. (SB568)

Introduced By

Sen. Richard Stuart (R-Westmoreland)

Progress

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

Description

Land preservation tax credit; retention of qualified mineral interest. Disallows a tax credit for the donation of an interest in land, including the donation of a conservation easement, where the donor retains a qualified mineral interest as defined by IRS regulations. Amends § 58.1-512, of the Code of Virginia. Read the Bill »

Status

01/22/2014: Failed to Pass in Committee

History

DateAction
01/09/2014Presented and ordered printed 14100455D
01/09/2014Referred to Committee on Finance
01/20/2014Impact statement from TAX (SB568)
01/22/2014Committee amendment agreed to
01/22/2014Passed by indefinitely in Finance (8-Y 6-N) (see vote tally)