Land preservation tax credits; certain donations of land. (SB486)
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 credits; certain donations of land. Allows a land holder to donate a fee interest in land to a private, not-for-profit charitable corporation not established for conservation or preservation purposes and receive land preservation tax credits for the donation. The credits would not be allowed unless and until the charitable corporation protected the land in perpetuity with a conservation or open-space easement. Read the Bill »
Status
02/10/2016: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/12/2016 | Prefiled and ordered printed; offered 01/13/16 16101564D |
| 01/12/2016 | Referred to Committee on Finance |
| 02/08/2016 | Impact statement from TAX (SB486) |
| 02/10/2016 | Continued to 2017 in Finance (14-Y 0-N) (see vote tally) |