Bill > HB805

This bill increases the maximum amount of land preservation tax credits that can be issued annually in Virginia. Specifically, it raises the cap from $75 million to $100 million, starting in the calendar year 2026. These tax credits are available to individuals and corporations who donate land or interests in land for conservation purposes, such as agricultural use, open space, or historic preservation, to eligible public or private conservation agencies. The bill amends existing law to reflect this increased annual limit, building upon previous adjustments to the credit program.

Budget and Finance

https://lis.virginia.gov/bill-details/20261/HB805