Virginia House Bill 1283 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 7-0)
Status: Introduced on January 9 2008 - 25% progression, died in chamber
Action: 2008-02-12 - House: Left in Finance

Land preservation tax credit; elimination of verification of conservation value. Eliminates Department of Conservation and Recreation verification of conservation value of land donations that will result in $1 million or more in land preservation tax credits. Currently, as a condition of the issuance of a land preservation tax credit, the Department must verify the conservation value of donations that will result in $1 million or more in tax credits. The bill also would establish a review and administrative appeal process in which proposed conveyances of donations would be reviewed by the Department of Taxation for purposes of determining whether the proposed donation would qualify for a land preservation tax credit. The review process would eliminate the current requirement that the taxpayer execute or record the land donation prior to applying for a land preservation tax credit.

Land preservation tax credit; elimination of verification of conservation value.

Del. Clifford Athey [R]	Sen. Charles Carrico [R]	Del. Mark Cole [R]	Del. Matthew Lohr [R]
Del. Donald Merricks [R]	Del. Edward Scott [R]	Del. Beverly Sherwood [R]

Date	Chamber	Action
2008-02-12		House: Left in Finance
2008-01-15		House: Assigned Finance sub: 2
2008-01-09		House: Referred to Committee on Finance
2008-01-09		House: Prefiled and ordered printed; offered 01/09/08 081074420

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB1283