SB1435
Eminent domain powers of public service corporations; compensation to the Commonwealth & localities.
Summary
As Passed House of Origin. Certain eminent domain powers; conservation easements; compensation to the Commonwealth and localities.
Requires any person, defined in the bill, if it takes by condemnation proceedings any land or right-of-way or similar interest therein that is subject to a conservation easement, to compensate (i) the Commonwealth in an amount equal to the value of any tax credit received by the landowner under the ... (More) provisions of the Virginia Land Conservation Incentives Act of 1999 during the pendency of the conservation easement and (ii) the locality in which the right-of-way is located (a) in an amount of any property tax avoided by the landowner during the pendency of the conservation easement and (b) if the right-of-way is located on property that is registered with the Virginia Landmarks Register and the National Register of Historic Places, in an amount equal to the additional value conferred upon the property during the period that property was registered. (Less)-
Bill History
- 01/17/2025 - Senate: Presented and ordered printed 25105195D
- 01/17/2025 - Senate: Referred to Committee for Courts of Justice
- 01/29/2025 - Senate: Reported from Courts of Justice with substitute (15-Y 0-N)
- 01/29/2025 - Senate: Committee substitute printed 25106361D-S1
- 01/31/2025 - Senate: Rules suspended
- 01/31/2025 - Senate: Constitutional reading dispensed (on 1st reading) (39-Y 0-N)
- 01/31/2025 - Senate: Passed by for the day
- 02/03/2025 - Senate: Read second time
- 02/03/2025 - Senate: Reading of substitute waived
- 02/03/2025 - Senate: Courts of Justice Substitute agreed to
- 02/03/2025 - Senate: Engrossed by Senate - committee substitute
- 02/03/2025 - Senate: Rules suspended
- 02/03/2025 - Senate: Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
- 02/03/2025 - Senate: Passed Senate (40-Y 0-N)
- 02/06/2025 - House: Placed on Calendar
- 02/06/2025 - House: Read first time
- 02/06/2025 - House: Referred to Committee for Courts of Justice
- 02/07/2025 - House: Assigned Courts sub: Civil
- 02/07/2025 - House: Placed on Courts of Justice Agenda
- 02/10/2025 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB1435)
- 02/10/2025 - House: Subcommittee recommends reporting with substitute (5-Y 3-N)
- 02/14/2025 - House: Placed on Courts of Justice Agenda
- 02/14/2025 - House: Tabled in Courts of Justice (15-Y 5-N)
