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 »

Outcome

Bill Has Failed

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)
01/22/2019Reported from Finance (13-Y 3-N) (see vote tally)
01/23/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/24/2019Read second time and engrossed
01/25/2019Read third time and passed Senate (25-Y 15-N) (see vote tally)
01/29/2019Placed on Calendar
01/29/2019Read first time
01/29/2019Referred to Committee on Finance
02/01/2019Assigned Finance sub: Subcommittee #1
02/06/2019Subcommittee failed to recommend reporting (2-Y 7-N)
02/19/2019Left in Finance

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