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2012 SESSION

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12104861D
SENATE BILL NO. 355 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the Senate Committee on Finance on January 31, 2012) (Patron Prior to Substitute--Senator Deeds) A BILL to amend the Code of Virginia by adding in Article 20.1 of Chapter 3 of Title 58.1 a section numbered 58.1-514, relating to land preservation tax credits; information about approved credits.

Be it enacted by the General Assembly of Virginia:

1.  That the Code of Virginia is amended by adding in Article 20.1 of Chapter 3 of Title 58.1 a section numbered 58.1-514 as follows:

§ 58.1-514. Department to publish list.

The Department shall publish a list, and update it annually, that identifies for each county and city the aggregate number of acres for which tax credits were issued pursuant to this chapter. The list shall also specify for each tract of land, or group of tracts included in a single application, that is approved for tax credits the assessed value of the property, the appraised value of the property, and the amount of tax credits issued for the property.