Land preservation tax credits; threshold for conservation value review by DCR, lowers the threshold. (SB1340)

Introduced By

Sen. Richard Stuart (R-Westmoreland) with support from co-patron Sen. Emmett Hanger (R-Mount Solon)

Progress

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

Description

Land preservation tax credits; threshold for conservation value review by Department of Conservation and Recreation. Lowers the threshold from $1 million to $500,000 for (i) conservation value review of land preservation tax credit applications by the Department of Conservation and Recreation and (ii) requiring a copy of the tax credit application to be filed with the Department of Conservation and Recreation. Amends § 58.1-512, of the Code of Virginia. Read the Bill »

Status

01/08/2019: Awaiting a Vote in the Finance Committee

History

DateAction
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102211D
01/08/2019Referred to Committee on Finance
01/15/2019Impact statement from TAX (SB1340)

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