3-6.04#1c (Transfer of Land Preservation Tax Credits) Reverse Increase in Transfer Fee for Land Preservation Tax Credits. HB1500

State Budget

2017 Session

Budget Amendments - HB1500 (Conference Report)

Bill Order » Item 3-6.04 #1c

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Reverse Increase in Transfer Fee for Land Preservation Tax Credits (language only)

Item 3-6.04 #1c

Item 3-6.04 #1c
Adjustments and Modifications to Fees
Transfer of Land Preservation Tax Credits

Language

Page 532, strike lines 36 through 39.

Explanation

(This amendment removes language that would have increased the fee for transferring Land Preservation Tax Credits from two percent to three percent.)

Item 3-6.04

Item 3-6.04

§ 3-6.04 TRANSFER OF LAND PRESERVATION TAX CREDITS

Notwithstanding the provisions of § 58.1-513 and any other provision of law, the fee imposed upon any transfer arising from the sale by any taxpayer of credits and upon the distribution of a portion of credits under this article to a memeber, manager, partner, shareholder or beneficiary pursuant to subsection B of § 58.1-513 shall be three percent of the value of the donated interest.

State Budget

2017 Session

Budget Amendments - HB1500 (Conference Report)

Reverse Increase in Transfer Fee for Land Preservation Tax Credits (language only)

Item 3-6.04 #1c

Item 3-6.04 #1c

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Item 3-6.04