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Legislation


2006 Regular Session

SENATE BILL 360

File Code: Taxes - Income Prior Year Introduction As: SB 293/05 - B&T
Sponsored By:
Senators Dyson, Currie, Hogan, Lawlah, and Munson
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 specified 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
1/30
First Reading Budget and Taxation
2/8
Hearing 2/15 at 1:00 p.m.
2/10
Hearing cancelled
Hearing 2/15 at 12:30 p.m.
2/20
Favorable with Amendments Report by Budget and Taxation
2/21
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/23
Third Reading Passed (47-0)
House Action
2/24
First Reading Ways and Means
3/22
Hearing 4/6 at 1:00 p.m.

Sponsored by:

Senator Roy P. Dyson, District 29
Senator Ulysses Currie, District 25
Senator Patrick J. Hogan, District 39
Senator Gloria Lawlah, District 26
Senator Donald F. Munson, District 2

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 (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments (Displayed in WordPerfect 8 Format):
Senate
Number: 409137/01 (PDF)     Offered on: February 22, 2006   at: 9:02 p.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
February 23, 2006: Third Reading Passed (47-0)
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