SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1999 SESSION
HB 1752 Tax credits; preservation of land.
Introduced by: R. Creigh Deeds | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Tax credits; preservation of land. Provides an income tax credit for individuals and corporations donating land for preservation purposes. The tax credit is 50 percent of the fair market value of the land transferred, not to exceed $50,000 in FY 2000, $75,000 in FY 2001, $100,000 in FY 2002. The credit may only be used to offset taxes owed, but it may be carried forward for a period of five years. If this credit is taken, the taxpayers shall not be allowed to take a subtraction, for three years following the year the credit is taken, for the gain on the sale of land or easements dedicated to open-space use. The measure is effective January 1, 2000, unless any one of the car tax triggers occurs before that date in which case the act will be effective January 1 in the year after the year none of the car tax triggers occurs.
FULL TEXT
- 01/13/99 House: Presented & ordered printed 992641202 pdf
- 02/06/99 House: Printed as engrossed 992641202-E pdf
- 03/03/99 House: Bill text as passed House and Senate (HB1752ER) pdf
- 04/07/99 House: Reenrolled bill text (HB1752ER2) pdf
- 04/14/99 Governor: Acts of Assembly Chapter text (CHAP0983) pdf
AMENDMENTS
HISTORY
- 01/13/99 House: Presented & ordered printed 992641202
- 01/13/99 House: Referred to Committee on Finance
- 01/19/99 House: Assigned to Finance sub-committee: 1
- 02/04/99 House: Reported from Finance with amds. (24-Y 0-N)
- 02/05/99 House: Read first time
- 02/06/99 House: Read second time
- 02/06/99 House: Committee amendments agreed to
- 02/06/99 House: Engrossed by House as amended
- 02/06/99 House: Printed as engrossed 992641202-E
- 02/07/99 House: Read third time and passed House (Block Vote) (100-Y 0-N)
- 02/07/99 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/07/99 House: Communicated to Senate
- 02/08/99 Senate: Constitutional reading dispensed
- 02/08/99 Senate: Referred to Committee on Finance
- 02/10/99 Senate: Reported from Finance with amendments (16-Y 0-N)
- 02/11/99 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/11/99 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/12/99 Senate: Read third time
- 02/12/99 Senate: Reading of amendments waived
- 02/12/99 Senate: Committee amendments agreed to
- 02/12/99 Senate: Engrossed by Senate as amended
- 02/12/99 Senate: Passed Senate with amendments (40-Y 0-N)
- 02/12/99 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/15/99 House: Placed on Calendar
- 02/16/99 House: Senate amendments agreed to by House (99-Y 0-N)
- 02/16/99 House: VOTE: ADOPTION (99-Y 0-N)
- 03/03/99 House: Bill text as passed House and Senate (HB1752ER)
- 03/08/99 House: Enrolled
- 03/08/99 House: Signed by Speaker
- 03/09/99 Senate: Signed by President
- 03/29/99 House: Governor's recommendation received by House
- 04/07/99 House: Placed on Calendar
- 04/07/99 House: House concurred in Gov. recomm. (Block Vote) (99-Y 0-N)
- 04/07/99 House: VOTE: BLOCK VOTE-ADOPTION (99-Y 0-N)
- 04/07/99 Senate: Senate concurred in Gov's recommendation (40-Y 0-N)
- 04/07/99 Senate: VOTE: (40-Y 0-N)
- 04/07/99 Senate: Rec. of Gov's recommendation agreed to (40-Y 0-N)
- 04/07/99 Senate: VOTE: (40-Y 0-N)
- 04/07/99 Senate: Senate concurred in Gov's recommendation (40-Y 0-N)
- 04/07/99 Senate: VOTE: (40-Y 0-N)
- 04/07/99 Governor: Governor's recommendation adopted
- 04/07/99 House: Reenrolled
- 04/07/99 House: Signed by Speaker as reenrolled
- 04/07/99 Senate: Signed by President as reenrolled
- 04/07/99 House: Enacted, Chapter 983 (effective-see bill)
- 04/07/99 House: Reenrolled bill text (HB1752ER2)
- 04/14/99 Governor: Acts of Assembly Chapter text (CHAP0983)