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2019 SESSION

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HB 2482 Land preservation tax credits; operation of facility on donated land, third party agreements.

Introduced by: M. Keith Hodges | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Land preservation tax credits; operation of facility on donated land; agreements between the Commonwealth and a third party related to donated land. Provides that if Virginia or one of its political subdivisions operates a facility on land donated for a land preservation tax credit, including charging fees for the use of such facility, such operation of a facility shall not disqualify the donation from eligibility for the credit, so long as any fees are used for conservation or preservation purposes. The bill provides that if Virginia or one of its political subdivisions contracts with a third party to manage a facility on donated land, such agreement shall not disqualify the donation from eligibility for the credit, so long as such agreement is for conservation or preservation purposes.


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