Land preservation; tax credit. (HB1828)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Land preservation tax credit. Makes several changes to the credit by (i) reducing the maximum amount of tax credits that may be issued in each calendar year from $100 million to $85 million beginning in 2015; (ii) reducing the maximum amount of the land preservation tax credit that may be claimed in any year from $100,000 in taxable year 2014 to $20,000 in taxable years 2015 and 2016 and $50,000 for each taxable year thereafter; (iii) requiring that a complete application for tax credit with regard to a conveyance be filed with the Department of Taxation by December 31 of year following the calendar year of the conveyance; and (iv) prohibiting the Department of Taxation from issuing any tax credit for a donation from any allocation or pool of tax credits attributable to a calendar year prior to the year in which the complete tax credit application for the donation was filed. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 01/13/2015 | Committee |
| 01/13/2015 | Prefiled and ordered printed; offered 01/14/15 15103287D |
| 01/13/2015 | Referred to Committee on Agriculture, Chesapeake and Natural Resources |
| 01/22/2015 | Impact statement from TAX (HB1828) |
| 01/27/2015 | Referred from Agriculture, Chesapeake and Natural Resources |
| 01/27/2015 | Referred to Committee on Finance |
| 01/27/2015 | Assigned Finance sub: Subcommittee #2 |
| 01/28/2015 | Subcommittee recommends reporting (10-Y 0-N) |
| 02/04/2015 | Reported from Finance with amendments (18-Y 0-N) (see vote tally) |
| 02/06/2015 | Read first time |
| 02/09/2015 | Read second time |
| 02/09/2015 | Committee amendments agreed to |
| 02/09/2015 | Engrossed by House as amended HB1828E |
| 02/09/2015 | Printed as engrossed 15103287D-E |
| 02/10/2015 | Read third time and passed House (96-Y 4-N) |
| 02/10/2015 | VOTE: PASSAGE (96-Y 4-N) (see vote tally) |
| 02/10/2015 | Impact statement from TAX (HB1828E) |
| 02/11/2015 | Constitutional reading dispensed |
| 02/11/2015 | Referred to Committee on Finance |
| 02/17/2015 | Reported from Finance with substitute (13-Y 1-N) (see vote tally) |
| 02/17/2015 | Committee substitute printed 15105207D-S1 |
| 02/18/2015 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
| 02/18/2015 | Read third time |
| 02/18/2015 | Reading of substitute waived |
| 02/18/2015 | Committee substitute agreed to 15105207D-S1 |
| 02/18/2015 | Engrossed by Senate - committee substitute HB1828S1 |
| 02/18/2015 | Passed Senate with substitute (34-Y 3-N) (see vote tally) |
| 02/18/2015 | Placed on Calendar |
| 02/18/2015 | Senate substitute agreed to by House 15105207D-S1 (87-Y 2-N) |
| 02/18/2015 | VOTE: ADOPTION (87-Y 2-N) (see vote tally) |
| 02/23/2015 | Enrolled |
| 02/23/2015 | Bill text as passed House and Senate (HB1828ER) |
| 02/23/2015 | Signed by Speaker |
| 02/24/2015 | Signed by President |
| 02/25/2015 | G Governor's Action Deadline Midnight, Monday, March 30, 2015 |
| 02/25/2015 | Enrolled Bill communicated to Governor on 2/25/15 |
| 02/25/2015 | G Governor's Action Deadline Midnight, Sunday, March 29, 2015 |
| 03/02/2015 | Impact statement from TAX (HB1828ER) |
| 03/17/2015 | G Approved by Governor-Chapter 235 (effective 7/1/15) |
| 03/17/2015 | G Acts of Assembly Chapter text (CHAP0235) |