Land preservation tax credits; withholding tax of nonresident owners.
Summary
Provides that the two percent transfer fee for land preservation tax credits shall not apply to a distribution of credits to a nonresident owner of a pass-through entity when such credits are applied by the pass-through entity to the withholding tax of the nonresident owner.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2017
Committee Review
Feb 2017
Senate Passage
Feb 2017
House of Delegates Passage
Feb 2017
Signed into Law
Mar 2017
Introduced Jan 10, 2017
Signed Mar 24, 2017
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
19
Key actions
4
Committee
5
Mar 24, 2017
Signed into law
Approved by Governor-Chapter 725 (effective 7/1/17)
executive
Feb 15, 2017
Legislature · Passed
Passed House BLOCK VOTE (99-Y 0-N)
legislature
Feb 8, 2017
Committee
Assigned Finance sub: Subcommittee #2
legislature
Feb 8, 2017
Committee
Referred to Committee on Finance
legislature
Feb 3, 2017
Legislature · Passed
Engrossed by Senate - committee substitute SB1286S1
legislature
Feb 3, 2017
Legislature · Passed
Committee substitute agreed to 17104894D-S1
legislature
Jan 10, 2017
Committee
Referred to Committee on Finance
legislature
Jan 10, 2017
Introduced
Prefiled and ordered printed; offered 01/11/17 17102244D
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Obenshain
RRepublican
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