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

• | print version

SB 1222 Capital gains tax; relief for land dedicated to open space.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Capital gains tax; relief for land dedicated to open space. Provides for a subtraction from the income of individuals and corporations the gain on the sale of land or an easement which dedicates the land or easement to an open-space use. To the extent a subtraction is taken, no credit for donating land for preservation shall be allowed for three years after the subtraction is taken.

SUMMARY AS PASSED SENATE:

Capital gains tax; relief for land dedicated to open space. Excludes from the income of individuals and corporations the gain on the sale of land or an easement which dedicates the land or easement to an open-space use.

SUMMARY AS INTRODUCED:

Capital gains tax; relief for land dedicated to open space. Excludes from the income of individuals and corporations the gain on the sale of land or an easement which dedicates the land or easement to an open-space use. There is also a technical amendment.