2004 Regular Session

SENATE BILL 481

File Code: Taxes - Income Crossfiled with: HOUSE BILL 1086
Sponsored By:
Senators Dyson, Currie, Munson, and Stoltzfus
Entitled:
Income Tax Credit for Preservation and Conservation Easements - County Tax Credit Authorized

Synopsis:

Authorizing the governing body of a county to permit a credit against the county income tax for preservation and conservation easements; authorizing a county governing body to determine the amount of the credit and to place any limitations determined to be appropriate on the credit; and requiring a county that adopts a credit against the county income tax for preservation and conservation easements to notify the Comptroller prior to the taxable year in which the credit is applicable.

History by Legislative Date

Senate Action
2/6
First Reading Budget and Taxation
3/10
Hearing 3/24 at 1:00 p.m.
3/29
Favorable Report by Budget and Taxation
3/30
Favorable Report Adopted
Second Reading Passed
3/31
Third Reading Passed (46-0)
House Action
3/31
First Reading House Rules and Executive Nominations
4/8
Re-referred Ways and Means
Hearing 4/9 at 1:00 p.m.
Sponsored by:
Senator Roy P. Dyson, District 29
Senator Ulysses Currie, District 25
Senator Donald F. Munson, District 2
Senator J. Lowell Stoltzfus, District 38
Bill indexed under the following Subjects:
AGRICULTURE -see also- FARMLAND
CONSERVATION -see also- SOIL CONSERVATION
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
EASEMENTS
FARMLAND
INCOME TAX
LAWS AND ORDINANCES -see also- PUB LOCAL LAWS; UNIFORM LAWS.
NOTICES
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 10-723 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Vote (Legislative date is shown):
Senate
March 31, 2004: Third Reading Passed (46-0)