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2009 SESSION

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SB 641 Land preservation tax credit; conveyance for public parks, recreational areas, or trails.

Introduced by: Patricia S. Ticer | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Land preservation tax credit; conveyance for public parks, recreational areas, or trails.  Provides that the land preservation tax credit would equal 60 percent of the fair market value of any land that is conveyed for the purpose of a public park, public recreational facility, or public trail access easement. The board of supervisors of the county or the council of the city in which such land is located would be required to pass a duly adopted resolution that states (i) its approval of the conveyance, and (ii) that the conveyance is in accordance with the comprehensive plan in effect for the county or city.


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