2004 Regular Session

HOUSE BILL 820

CHAPTER NUMBER: 379 File Code: Taxes - Miscellaneous Crossfiled with: SENATE BILL 916
Sponsored By:
Delegates V. Clagett and Jennings
Entitled:
Property Tax and Transfer and Recordation Taxes - Land Trusts - Credits and Exemptions

Synopsis:

Altering requirements for specified conservation land to qualify for a tax credit against the State and local property tax; and altering requirements for exemptions from recordation and transfer taxes for instruments of writing conveying specified interests in property to land trusts.

History by Legislative Date

House Action
2/9
First Reading Ways and Means
2/18
Hearing 3/3 at 1:00 p.m.
3/22
Favorable Report by Ways and Means
3/23
Favorable Report Adopted
Second Reading Passed
3/24
Third Reading Passed (141-0)
4/6
Returned Passed
5/11
Signed by the Governor Chapter 379
Senate Action
3/25
First Reading Budget and Taxation
4/9
Favorable Report by Budget and Taxation
4/7
Favorable Report Adopted
Second Reading Passed
4/8
Third Reading Passed (46-0)
Sponsored by:
Delegate Virginia P. Clagett, District 30
Delegate J. B. Jennings, District 7
Bill indexed under the following Subjects:
AGRICULTURE -see also- FARMLAND
CONSERVATION -see also- SOIL CONSERVATION
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
EASEMENTS
EXEMPTIONS
FARMLAND
NATURAL RESOURCES, DEPARTMENT OF
NONPROFIT ORGANIZATIONS
PROPERTY TAX
REAL PROPERTY
RECORDATION
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TAX CREDITS -see also- CIRCUIT BREAKER
TRANSFER TAX
Bill affects the following Statutes:
Tax - Property
( 9-107 , 9-220 , 12-108 , 13-207 , 13-410 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 24, 2004: Third Reading Passed (141-0)
Senate
April 8, 2004: Third Reading Passed (46-0)