SB 678 Income tax, state and corporate; limits land preservation tax credits.
Emmett W. Hanger, Jr. | all patrons    ...    notes
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Summary as passed Senate: (all summaries)
Land preservation tax credit. Provides an aggregate limit of $600,000 in tax credit for tax credits that are obtained through a transfer. The bill applies only to conveyances made in a taxable year beginning on or after January 1, 2004. The bill does not apply to certain conveyances of property with a state or global rare ecosystem ranking as determined by the Virginia Division of Natural Heritage.

Full text:
01/23/04  Senate: Presented & ordered printed 043002732  pdf | impact statement
02/13/04  Senate: Committee substitute printed 043032732-S1  pdf | impact statement

Status:
01/23/04  Senate: Presented & ordered printed 043002732
01/23/04  Senate: Referred to Committee on Finance
02/12/04  Senate: Reported from Finance with substitute (14-Y 0-N 1-A)
02/13/04  Senate: Committee substitute printed 043032732-S1
02/16/04  Senate: Constitutional reading dispensed (40-Y 0-N)
02/16/04  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
02/17/04  Senate: Read second time
02/17/04  Senate: Reading of substitute waived
02/17/04  Senate: Committee substitute agreed to 043032732-S1
02/17/04  Senate: Engrossed by Senate - committee substitute SB678S1
02/17/04  Senate: Constitutional reading dispensed (40-Y 0-N)
02/17/04  Senate: VOTE: CONST. RDG. DISPENSED (40-Y 0-N)
02/17/04  Senate: Passed Senate (28-Y 11-N 1-A)
02/17/04  Senate: VOTE: PASSAGE (28-Y 11-N 1-A)
02/17/04  Senate: Rec. of passage agreed to by Senate (39-Y 0-N)
02/17/04  Senate: VOTE: RECONSIDER (39-Y 0-N)
02/17/04  Senate: Passed Senate (26-Y 13-N 1-A)
02/17/04  Senate: VOTE: PASSAGE (26-Y 13-N 1-A)
02/17/04  Senate: Communicated to House
02/19/04  House: Placed on Calendar
02/19/04  House: Read first time
02/19/04  House: Referred to Committee on Finance
03/01/04  House: Continued to 2005 in Finance (19-Y 2-N)