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. Amends § 58.1-511, § 58.1-512, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2016Prefiled and ordered printed; offered 01/13/16 16101564D
01/12/2016Referred to Committee on Finance
02/08/2016Impact statement from TAX (SB486)
02/10/2016Continued to 2017 in Finance (14-Y 0-N) (see vote tally)
12/02/2016Left in Finance