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 December 31 of the second year following the calendar year that the eligible conveyance of land was made. Under current law, the credit must be claimed by December 31 of the first year following the calendar year of the conveyance. Amends § 58.1-512, of the Code of Virginia. Read the Bill »

Status

01/14/2019: passed committee

History

DateAction
12/31/2018Prefiled and ordered printed; offered 01/09/19 19101586D
12/31/2018Committee
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)

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