Land preservation tax credit; extends allowable time to claim credit. (HB1816)

Introduced By

Del. Matt Fariss (R-Rustburg)

Progress

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

Description

Land preservation tax credit; allowable time to claim credit. Extends the amount of time a taxpayer is allowed to claim the land preservation tax credit to either (i) December 31 of the second year following the calendar year of the eligible conveyance if the conveyance was made on or after January 1, 2020 or (ii) December 31 of the third year following the calendar year of the eligible conveyance if the conveyance was made before January 1, 2020. Under current law, the credit must be claimed by December 31 of the first year following the calendar year of the conveyance. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
12/31/2018Committee
12/31/2018Prefiled and ordered printed; offered 01/09/19 19101586D
12/31/2018Referred to Committee on Finance
01/12/2019Impact statement from TAX (HB1816)
01/14/2019Reported from Finance (20-Y 1-N) (see vote tally)
01/16/2019Read first time
01/17/2019Motion to rerefer to committee agreed to
01/17/2019Rereferred to Finance
02/01/2019House committee, floor amendments and substitutes offered
02/01/2019Reported from Finance with substitute (20-Y 2-N) (see vote tally)
02/01/2019Committee substitute printed 19106299D-H1
02/03/2019Read first time
02/04/2019Read second time
02/04/2019Committee substitute agreed to 19106299D-H1
02/04/2019Engrossed by House - committee substitute HB1816H1
02/05/2019Read third time and passed House (91-Y 7-N)
02/05/2019VOTE: PASSAGE (91-Y 7-N) (see vote tally)
02/06/2019Constitutional reading dispensed
02/06/2019Referred to Committee on Finance
02/11/2019Impact statement from TAX (HB1816H1)
02/12/2019Reported from Finance (16-Y 0-N) (see vote tally)
02/13/2019Passed Senate
02/13/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/13/2019Read third time
02/13/2019Passed Senate (39-Y 0-N) (see vote tally)
02/15/2019Enrolled
02/15/2019Bill text as passed House and Senate (HB1816ER)
02/15/2019Signed by Speaker
02/15/2019Signed by President
02/17/2019Impact statement from TAX (HB1816ER)
02/19/2019G Governor's Action Deadline Midnight, March 25, 2019
02/19/2019Enrolled Bill communicated to Governor on February 19, 2019
02/19/2019G Governor's Action Deadline Midnight, March 26, 2019
03/05/2019G Approved by Governor-Chapter 183 (effective 7/1/19)
03/05/2019G Acts of Assembly Chapter text (CHAP0183)

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