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HB1460

Land preservation tax credits; transfer to a designated beneficiary.

Status:
Enacted

Chief Patron:
Matt Fariss (R)

Session:
2018 Regular Session

Summary

As Passed House of Origin. Land preservation tax credits; transfer to a designated beneficiary.

Provides that a person who has unused land preservation tax credits may provide that such credits be transferred to a designated beneficiary upon his death, so long as such person with unused credits is the person who originally earned them. The bill provides that if a person dies without a will, his unused credit shall be transferred according to the rules of intestacy. The bill provides that such transfers are not subject to any fees and retain the same carryover period as if held by their original owner. (Less)

  • Bill History

  • 01/17/2018 - House: Presented and ordered printed 18104545D
  • 01/17/2018 - House: Referred to Committee on Finance
  • 01/27/2018 - House: Impact statement from TAX (HB1460)
  • 01/30/2018 - House: Assigned Finance sub: Subcommittee #2
  • 01/31/2018 - House: Subcommittee recommends reporting with amendment (7-Y 0-N)
  • 02/07/2018 - House: Reported from Finance with amendments (22-Y 0-N)
  • 02/09/2018 - House: Read first time
  • 02/12/2018 - House: Read second time
  • 02/12/2018 - House: Committee amendments agreed to
  • 02/12/2018 - House: Engrossed by House as amended HB1460E
  • 02/12/2018 - House: Printed as engrossed 18104545D-E
  • 02/13/2018 - House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
  • 02/13/2018 - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
  • 02/14/2018 - Senate: Constitutional reading dispensed
  • 02/14/2018 - Senate: Referred to Committee on Finance
  • 02/19/2018 - House: Impact statement from TAX (HB1460E)
  • 02/27/2018 - Senate: Reported from Finance (16-Y 0-N)
  • 02/28/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/28/2018 - Senate: Read third time
  • 02/28/2018 - Senate: Passed Senate (40-Y 0-N)
  • 03/01/2018 - House: Enrolled
  • 03/01/2018 - House: Bill text as passed House and Senate (HB1460ER)
  • 03/01/2018 - House: Signed by Speaker
  • 03/02/2018 - House: Impact statement from TAX (HB1460ER)
  • 03/03/2018 - Senate: Signed by President
  • 03/07/2018 - House: Enrolled Bill communicated to Governor on March 7, 2018
  • 03/07/2018 - Governor: Governor's Action Deadline Midnight, April 9, 2018
  • 03/30/2018 - Governor: Approved by Governor-Chapter 560 (effective 7/1/18)
  • 03/30/2018 - Governor: Acts of Assembly Chapter text (CHAP0560)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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