VA SB1019 | 2015 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 27 2015 - 100% progression
Action: 2015-03-27 - Governor: Acts of Assembly Chapter text (CHAP0680)
Text: Latest bill text (Chaptered) [HTML]

Summary

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.

Tracking Information

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Title

Land preservation; tax credit.

Sponsors


Roll Calls

2015-02-18 - Senate - Senate: House substitute agreed to by Senate (36-Y 0-N) (Y: 36 N: 0 NV: 4 Abs: 0) [PASS]
2015-02-16 - House - House: VOTE: PASSAGE (96-Y 3-N) (Y: 98 N: 3 NV: 1 Abs: 0) [PASS]
2015-02-11 - House - House: Reported from Finance with substitute (20-Y 1-N) (Y: 20 N: 1 NV: 1 Abs: 0) [PASS]
2015-02-06 - Senate - Senate: Read third time and passed Senate (34-Y 4-N) (Y: 34 N: 4 NV: 2 Abs: 0) [PASS]
2015-02-04 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2015-02-03 - Senate - Senate: Reported from Finance with substitute (13-Y 1-N) (Y: 13 N: 1 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2015-03-27 Governor: Acts of Assembly Chapter text (CHAP0680)
2015-03-27 Governor: Approved by Governor-Chapter 680 (effective 7/1/15)
2015-02-25 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
2015-02-25SenateEnrolled Bill Communicated to Governor on 2/25/15
2015-02-24SenateSigned by President
2015-02-23HouseSigned by Speaker
2015-02-23SenateBill text as passed Senate and House (SB1019ER)
2015-02-23SenateEnrolled
2015-02-18SenateTitle replaced 15105021D-H1
2015-02-18SenateHouse substitute agreed to by Senate (36-Y 0-N)
2015-02-16HouseVOTE: PASSAGE (96-Y 3-N)
2015-02-16HousePassed House with substitute (96-Y 3-N)
2015-02-16HouseEngrossed by House - committee substitute SB1019H1
2015-02-16HouseCommittee substitute agreed to 15105021D-H1
2015-02-16HouseRead third time
2015-02-13HousePassed by for the day
2015-02-12HouseRead second time
2015-02-11HouseCommittee substitute printed 15105021D-H1
2015-02-11HouseReported from Finance with substitute (20-Y 1-N)
2015-02-10HouseReferred to Committee on Finance
2015-02-10HouseRead first time
2015-02-10HousePlaced on Calendar
2015-02-06SenateRead third time and passed Senate (34-Y 4-N)
2015-02-05SenateEngrossed by Senate - committee substitute SB1019S1
2015-02-05SenateCommittee substitute agreed to 15104245D-S1
2015-02-05SenateReading of substitute waived
2015-02-05SenateRead second time
2015-02-04SenateConstitutional reading dispensed (37-Y 0-N)
2015-02-03SenateReported from Finance with substitute (13-Y 1-N)
2015-02-03SenateCommittee substitute printed 15104245D-S1
2015-01-12SenateReferred to Committee on Finance
2015-01-12SenatePrefiled and ordered printed; offered 01/14/15 15101926D

Same As/Similar To

HB1828 (Same As) 2015-03-17 - Governor: Acts of Assembly Chapter text (CHAP0235)

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581512(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?151+sum+SB1019
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+SB1019+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+SB1019S1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+SB1019H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+SB1019ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+CHAP0680+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+S05V0109+SB1019
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+SV0298SB1019+SB1019
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+SV0243SB1019+SB1019
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+H10V0115+SB1019
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+HV2354+SB1019
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+SV0551SB1019+SB1019

Bill Comments

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