According to Virginia’s Legislative Information Service, Virginia Governor Terry McAuliffe has now signed House Bill 1828 into law. As reported previously, H.B. 1828 places new limits on the land preservation tax credit, which is a tax incentive designed to encourage donations of conservation easements as well as outright donations of land. Governor McAuliffe approved the bill on March 17, 2015. The bill is being published as Chapter 235 of the 2015 Virginia Acts of Assembly. Continue reading Governor Signs Legislation Placing Limits on Land Preservation Tax Credit
General Assembly
These posts all deal with legislation being considered by the Virginia’s General Assembly that deals with conservation easements or other land preservation efforts. The General Assembly is composed of the Senate and the House of Delegates. You might also wish to visit the “Politics” category page.
Governor Signs Bill Allowing Alternate Names for Buggs Island Lake
Virginia Governor Terry McAuliffe has now signed Senate Bill 972 into law, which allows state and local agencies to refer to Buggs Island Lake as “Kerr Lake” or the “John H. Kerr Reservoir.”
Legislation passed in 1952 required state and local agencies to refer to the reservoir only as “Buggs Island Lake,” which was declared to be the reservoir’s “true and proper name.” Congress had originally given it the name of “Buggs Island Reservoir” in 1944 but abruptly changed the name to the “John H. Kerr Reservoir” in 1951 to honor a North Carolina congressman, angering Virginia lawmakers at the time. The majority of Buggs Island Lake is located in Virginia. Continue reading Governor Signs Bill Allowing Alternate Names for Buggs Island Lake
General Assembly Places Limits on Land Preservation Tax Credit
With the usual budget troubles brewing in Richmond, the land preservation tax credit (LPTC)—a transferable credit that results usually from either a donation of land or a donation of a conservation easement—has once again become the target of much scrutiny by lawmakers. Of the several bills that were introduced to limit the land preservation tax credit, two of these bills have now passed the full General Assembly. These bills, Senate Bill 1019 and House Bill 1828, were both finally approved by the General Assembly on Wednesday, February 18, 2015 and are now en route to the Governor for signature. Let’s examine Senate Bill 1019 and House Bill 1828 and how they will likely change land preservation efforts in Virginia. Continue reading General Assembly Places Limits on Land Preservation Tax Credit
Virginia House Votes to Allow Alternate Names for Buggs Island Lake
The Virginia House of Delegates voted today, February 13, 2015 to approve Senate Bill 972, which would allow state and local agencies to refer to Buggs Island Lake as “Kerr Lake” or the “John H. Kerr Reservoir.” Previous legislation required state and local agencies to refer to the reservoir only as “Buggs Island Lake.” Continue reading Virginia House Votes to Allow Alternate Names for Buggs Island Lake
Virginia Senate Votes to Allow Alternate Names for Buggs Island Lake
The Virginia Senate voted yesterday, January 21, 2015 to approve Senate Bill 972, which would allow state and local agencies to refer to Buggs Island Lake as “Kerr Lake” or the “John H. Kerr Reservoir.” Previous legislation required state and local agencies to refer to the reservoir only as “Buggs Island Lake.” Senate Bill 972 now goes to the Virginia House of Delegates, which must also vote to approve the bill. Continue reading Virginia Senate Votes to Allow Alternate Names for Buggs Island Lake