Language Page 580, after line 1, insert:"§ 3-5.22 LAND PRESERVATION TAX CREDIT CLAIMEDNotwithstanding § 58.1-512 or any other provision of law, effective for the taxable year beginning on and after January 1, 2017, but before January 1, 2023, the amount of the Land Preservation Tax credit that may be claimed by each taxpayer, including amounts carrier over from prior taxable years, shall not exceed $20,000."
Page 580, after line 1, insert:
"§ 3-5.22 LAND PRESERVATION TAX CREDIT CLAIMED
Notwithstanding § 58.1-512 or any other provision of law, effective for the taxable year beginning on and after January 1, 2017, but before January 1, 2023, the amount of the Land Preservation Tax credit that may be claimed by each taxpayer, including amounts carrier over from prior taxable years, shall not exceed $20,000."
Explanation
(This amendment restores language removed in House Bill 30 as introduced that limits that the amount of Land Preservation Tax Credit that may be claimed by an individual in a taxable year to $20,000.)