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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
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Developed and maintained by the Division of Legislative Automated Systems.
2015 SESSION
SB 1019 Land preservation; tax credit.
Introduced by: John C. Watkins | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Land preservation tax credit. Makes several changes to the land preservation tax credit by (i) reducing the maximum amount of tax credits that may be issued in each calendar year from $100 million to $75 million beginning in 2015; (ii) with the exception of credits issued for fee simple interest donations, reducing the maximum amount of the land preservation tax credit that may be claimed in any year from $100,000 in taxable year 2014 to $20,000 in taxable years 2015 and 2016 and $50,000 for each taxable year thereafter; (iii) requiring that a complete application for the tax credit with regard to a conveyance be filed with the Department of Taxation by December 31 of the year following the calendar year of the conveyance; and (iv) prohibiting the Department of Taxation from issuing any tax credit for a donation from any allocation or pool of tax credits attributable to a calendar year prior to the year in which the complete tax credit application for the donation was filed. This bill is identical to HB 1828.
FULL TEXT
- 01/12/15 Senate: Prefiled and ordered printed; offered 01/14/15 15101926D pdf | impact statement
- 02/03/15 Senate: Committee substitute printed 15104245D-S1 pdf | impact statement
- 02/11/15 House: Committee substitute printed 15105021D-H1 pdf
- 02/23/15 Senate: Bill text as passed Senate and House (SB1019ER) pdf | impact statement
- 03/27/15 Governor: Acts of Assembly Chapter text (CHAP0680) pdf
HISTORY
- 01/12/15 Senate: Prefiled and ordered printed; offered 01/14/15 15101926D
- 01/12/15 Senate: Referred to Committee on Finance
- 02/03/15 Senate: Committee substitute printed 15104245D-S1
- 02/03/15 Senate: Reported from Finance with substitute (13-Y 1-N)
- 02/04/15 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/05/15 Senate: Read second time
- 02/05/15 Senate: Reading of substitute waived
- 02/05/15 Senate: Committee substitute agreed to 15104245D-S1
- 02/05/15 Senate: Engrossed by Senate - committee substitute SB1019S1
- 02/06/15 Senate: Read third time and passed Senate (34-Y 4-N)
- 02/10/15 House: Placed on Calendar
- 02/10/15 House: Read first time
- 02/10/15 House: Referred to Committee on Finance
- 02/11/15 House: Reported from Finance with substitute (20-Y 1-N)
- 02/11/15 House: Committee substitute printed 15105021D-H1
- 02/12/15 House: Read second time
- 02/13/15 House: Passed by for the day
- 02/16/15 House: Read third time
- 02/16/15 House: Committee substitute agreed to 15105021D-H1
- 02/16/15 House: Engrossed by House - committee substitute SB1019H1
- 02/16/15 House: Passed House with substitute (96-Y 3-N)
- 02/16/15 House: VOTE: PASSAGE (96-Y 3-N)
- 02/18/15 Senate: House substitute agreed to by Senate (36-Y 0-N)
- 02/18/15 Senate: Title replaced 15105021D-H1
- 02/23/15 Senate: Enrolled
- 02/23/15 Senate: Bill text as passed Senate and House (SB1019ER)
- 02/23/15 House: Signed by Speaker
- 02/24/15 Senate: Signed by President
- 02/25/15 Senate: Enrolled Bill Communicated to Governor on 2/25/15
- 02/25/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/27/15 Governor: Approved by Governor-Chapter 680 (effective 7/1/15)
- 03/27/15 Governor: Acts of Assembly Chapter text (CHAP0680)