Virginia Senate Bill 1087 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2011 - 25% progression, died in chamber
Action: 2011-02-02 - Senate: Incorporated by Finance (SB1232-Deeds) (14-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Transfers of land preservation tax credits. Requires the use of a licensed transfer agent to transfer a land preservation tax credit to a taxpayer who is not an individual. Transfer agents would be licensed by the Department of Taxation. The bill provides licensing requirements for transfer agents. The bill allows the Tax Commissioner to revoke or suspend the license of, or impose a monetary penalty upon, any transfer agent who repeatedly transfers land preservation tax credits that are subsequently disallowed in whole or in part by the Department. This bill was incorporated into

Land preservation tax credits; requires use of licensed transfer agent to transfer to taxpayer.

Sen. Emmett Hanger [R]

2011-02-02 - Senate - Senate: Incorporated by Finance (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-02-02		Senate: Incorporated by Finance (SB1232-Deeds) (14-Y 0-N)
2011-01-11		Senate: Referred to Committee on Finance
2011-01-11		Senate: Prefiled and ordered printed; offered 01/12/11 11101302D

Chapter	Article	Section	Citation Type	Statute Text
58	1	513	(n/a)	See Bill Text
58	1	513.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SB1087
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB1087+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+S05V0123+SB1087