VA SB264 | 2010 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 8 2010 - 100% progression
Action: 2010-04-08 - Governor: Acts of Assembly Chapter text (CHAP0248)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 8 2010 - 100% progression
Action: 2010-04-08 - Governor: Acts of Assembly Chapter text (CHAP0248)
Text: Latest bill text (Chaptered) [HTML]
Summary
Land preservation tax credit; fee for transfer of credits. Changes the fee for the sale or distribution of land preservation tax credits to two percent of the value of the donated interest. Currently, the fee is two percent of the value of the donated interest, but not to exceed $10,000. Revenues generated by such fees first shall be used by the Department of Taxation and the Department of Conservation and Recreation for implementation of the Fund and any amount exceeding 50 percent of the total revenue generated by the fee on an annual basis shall be transferred to the Virginia Land Conservation Fund for distribution to the public or private conservation agencies or organizations that are responsible for enforcing the conservation and preservation purposes of the donated interests.
Title
Income tax, state; remainder of revenues transferred to Land Conservation Fund for distribution.
Sponsors
Roll Calls
2010-03-03 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 101 N: 0 NV: 1 Abs: 0) [PASS]
2010-03-01 - House - House: Reported from Finance (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-24 - House - House: Subcommittee recommends reporting (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-19 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-17 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-16 - Senate - Senate: Reported from Finance with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2010-03-01 - House - House: Reported from Finance (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-24 - House - House: Subcommittee recommends reporting (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-19 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-17 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-16 - Senate - Senate: Reported from Finance with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-04-08 | Governor: Acts of Assembly Chapter text (CHAP0248) | |
| 2010-04-08 | Governor: Approved by Governor-Chapter 248 (effective 7/1/10) | |
| 2010-03-13 | Senate: Signed by President | |
| 2010-03-11 | House: Signed by Speaker | |
| 2010-03-11 | Senate: Bill text as passed Senate and House (SB264ER) | |
| 2010-03-11 | Senate: Enrolled | |
| 2010-03-03 | House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) | |
| 2010-03-03 | House: Passed House BLOCK VOTE (99-Y 0-N) | |
| 2010-03-03 | House: Read third time | |
| 2010-03-02 | House: Read second time | |
| 2010-03-01 | House: Reported from Finance (22-Y 0-N) | |
| 2010-02-24 | House: Subcommittee recommends reporting (10-Y 0-N) | |
| 2010-02-22 | House: Assigned Finance sub: #2 | |
| 2010-02-22 | House: Referred to Committee on Finance | |
| 2010-02-22 | House: Read first time | |
| 2010-02-22 | House: Placed on Calendar | |
| 2010-02-19 | Senate: Read third time and passed Senate (40-Y 0-N) | |
| 2010-02-18 | Senate: Engrossed by Senate - committee substitute SB264S1 | |
| 2010-02-18 | Senate: Committee substitute agreed to 10105134D-S1 | |
| 2010-02-18 | Senate: Reading of substitute waived | |
| 2010-02-18 | Senate: Read second time | |
| 2010-02-17 | Senate: Constitutional reading dispensed (40-Y 0-N) | |
| 2010-02-16 | Senate: Committee substitute printed 10105134D-S1 | |
| 2010-02-16 | Senate: Reported from Finance with substitute (15-Y 0-N) | |
| 2010-01-12 | Senate: Referred to Committee on Finance | |
| 2010-01-12 | Senate: Prefiled and ordered printed; offered 01/13/10 10102300D |
