HB2382
Land preservation tax credit; maximum amount increase.
Summary
As Introduced. Land preservation tax credit; maximum amount increase.
Increases from $75 million to $100 million, beginning in 2025, the maximum amount of land preservation tax credits that may be issued in a calendar year and adjusts such amount each year for inflation using the Consumer Price Index for All Urban Consumers. The bill also requires the Governor to ... (More) submit a recommended appropriation each year in the Budget Bill, or as amendments to the general appropriations act, from the General Fund in an amount equal to the difference between the inflation adjusted annual credit cap and $100 million, but not more than $25 million, for purposes described in the bill. (Less)-
Bill History
- 01/08/2025 - House: Prefiled and ordered printed; Offered 01-08-2025 25102823D
- 01/08/2025 - House: Referred to Committee on Finance
- 01/20/2025 - House: Assigned Finance sub: Subcommittee #2
- 01/20/2025 - House: Placed on Finance Agenda
- 01/21/2025 - House: Impact statement from TAX (HB2382)
- 01/21/2025 - House: Subcommittee recommends laying on the table (5-Y 3-N)
- 02/04/2025 - House: Left in Finance
