| Bills |
Committee | Last action | Date |
| HB 141 - Pollard - Land preservation tax credit; nonprofit organizations holding a easement are ineligible to receive. |
(H) Committee on Finance
(S) Committee on Finance | (S) Signed by President | 03/08/10 |
| notes:
Provides that only those nonprofit organizations that hold a conservation easement acquired pursuant to the Virginia Conservation Easement Act are ineligible to receive land preservation tax credits for donations of qualifying real property. |
| HB 209 - Bulova - Outdoor signs and advertising; penalties collected for violations of provisions. |
(H) Committee on Appropriations
(S) Committee on Transportation | (H) Bill text as passed House and Senate (HB209ER) | 03/09/10 |
| notes:
Provides that all penalties and costs collected for violations of advertising provisions when the locality has entered into an agreement with the Commonwealth Transportation Commissioner shall be paid to the affected locality. Excludes signs and advertising erected only from Saturday through the following Monday from those agreements with the Commissioner. |
| HB 447 - Ware, R.L. - Income tax, state; remainder of revenues transferred to Land Conservation Fund for distribution. |
(H) Committee on Finance
(S) Committee on Finance | (S) Signed by President | 03/06/10 |
| notes:
Removes the $10,000 cap on the 2 percent fee imposed on the transfer arising from the sale of land conservation tax credits and directs the revenues be paid to the Department of Taxation and the Department of Conservation and Recreation first. The remaining revenues will be transferred to the public or private conservation agencies responsible for enforcing the conservation purposes of the donated interest. |
| SB 81 - Howell - Agricultural, forestal, or agricultural and forestal districts; use value assessment. |
(H) Committee on Finance
(S) Committee on Finance | (S) Signed by President | 03/06/10 |
| notes:
Provides that certain noncontiguous real property may be included as part of an agricultural, forestal, or agricultural and forestal district. Any noncontiguous real property included as part of an agricultural, forestal, or agricultural and forestal district would be deemed to be contiguous to any other real property located in such district for purposes of use value assessment. |
| SB 233 - Watkins - Income tax, corporate and individual; credit for land conservation. |
(H) Committee on Finance
(S) Committee on Finance | (S) Bill text as passed Senate and House (SB233ER) | 03/11/10 |
| notes:
Reduces from $100,000 to $50,000 the amount of the land preservation tax credit that may be claimed for taxable year 2011. Any taxpayer affected by the credit reduction would be allowed an additional taxable year in which to claim the land preservation tax credit. |
| SB 264 - Whipple - Income tax, state; remainder of revenues transferred to Land Conservation Fund for distribution. |
(H) Committee on Finance
(S) Committee on Finance | (S) Bill text as passed Senate and House (SB264ER) | 03/11/10 |
| notes:
Changes the fee for the sale or distribution of land preservation tax credits to two percent of the value of the donated interest. Currently, the fee is two percent of the value of the donated interest, but not to exceed $10,000. |
| SB 341 - Hanger - Land preservation tax credit; DCR to provide estimate of land used for production agriculture, etc. |
(H) Committee on Finance
(S) Committee on Finance | (S) Bill text as passed Senate and House (SB341ER) | 03/11/10 |
| notes:
Increases the tax credit percentage for the land preservation tax credit from 40 percent to 50 percent of the fair market value of the land or interest in land conveyed. The bill would be effective for land donations made on or after January 1, 2010. |
| SB 346 - Hanger - Land conservation practices; information management. |
(H) Committee on Agriculture, Chesapeake and Natural Resources
(S) Committee on Agriculture, Conservation and Natural Resources | (S) Placed on Calendar | 03/12/10 |
| notes:
Requires the Secretaries of Agriculture and Forestry and Natural Resources to develop a strategy for a database of acreage maintained pursuant to land conservation and on-site best management practices. To the extent possible or appropriate, the database shall (i) be uniform in content and format to applications in the other states of the Chesapeake Bay watershed, (ii) maintain the confidentiality of information, and (iii) use existing methods of data collection. |
| SB 661 - Hanger - Land preservation tax credit; verification of conservation value of certain donations. |
(H) Committee on Finance
(S) Committee on Finance | (S) Bill text as passed Senate and House (SB661ER) | 03/11/10 |
| notes:
Land preservation tax credit; donations. Requires the Director of the Department of Conservation and Recreation to verify the conservation value of certain donations described under the Virginia Land Conservation Incentives Act of 1999 that are from the same parcel of land if the land preservation tax credit from the donation would be at least $250,000. |
