Legislation

Title: Income Tax Credit - Agricultural Land - Diminution in Value of Real Property
Sponsored by: Delegate Rudolph
Status: In the House - Hearing 3/08 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a credit against the State income tax for the diminution in value of specified agricultural land resulting from enactment of the Sustainable Growth and Agricultural Preservation Act of 2012 and adoption of specified regulations related to nutrient management; providing for the determination of the amount of the credit; requiring an owner of agricultural land to provide specified information with the owner's tax return in order to claim the credit; and applying the Act to taxable years beginning after December 31, 2012.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:

Details

Cross-filed with: SB0427

Bill File Type: Regular

Effective Date(s): July 1, 2013

History

Legislation History
Chamber House Calendar Date 2/05/2013 Legislative Date 2/06/2013 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/13/2013 Legislative Date 2/13/2013 Action Hearing 3/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/05/2013	2/06/2013	First Reading Ways and Means
House	2/13/2013	2/13/2013	Hearing 3/08 at 1:00 p.m.

Documents

Date Posted	Document Name
2/06/2013	Text - First - Income Tax Credit - Agricultural Land - Diminution in Value of Real Property

File Code

Subjects

Statutes