Income tax, state; subtraction, sale of land for open-space use. (SB1012)

Introduced By

Sen. John Watkins (R-Midlothian)

Progress

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

Description

Income tax subtraction; sale of land for open-space use. Eliminates the income tax subtraction available for the gain derived from the sale of land for open-space use for taxable years beginning on or after January 1, 2015. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2015Prefiled and ordered printed; offered 01/14/15 15102147D
01/12/2015Referred to Committee on Finance
01/18/2015Impact statement from TAX (SB1012)
02/03/2015Reported from Finance (14-Y 0-N) (see vote tally)
02/04/2015Constitutional reading dispensed (37-Y 0-N) (see vote tally)
02/05/2015Read second time and engrossed
02/05/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/05/2015Passed Senate (37-Y 0-N) (see vote tally)
02/09/2015Placed on Calendar
02/09/2015Read first time
02/09/2015Referred to Committee on Finance
02/10/2015Assigned Finance sub: Subcommittee #2
02/10/2015Impact statement from TAX (SB1012)
02/11/2015Subcommittee recommends reporting (8-Y 1-N)
02/16/2015Reported from Finance (20-Y 2-N) (see vote tally)
02/17/2015Read second time
02/18/2015Read third time
02/18/2015Passed House (98-Y 2-N)
02/18/2015VOTE: PASSAGE (98-Y 2-N) (see vote tally)
02/23/2015Enrolled
02/23/2015Bill text as passed Senate and House (SB1012ER)
02/23/2015Signed by Speaker
02/24/2015Signed by President
02/25/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/25/2015Enrolled Bill Communicated to Governor on 2/25/15
02/25/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/02/2015Impact statement from TAX (SB1012ER)
03/17/2015G Approved by Governor-Chapter 248 (effective 7/1/15)
03/17/2015G Acts of Assembly Chapter text (CHAP0248)