Virginia · 2025 Regular Session · Bill
HB 2382: Land preservation tax credit; maximum amount increase.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 2382 is a bill introduced in the Virginia House on January 8, 2025. According to its official title, it concerns: Land preservation tax credit; maximum amount increase. Primary sponsor: Geary Higgins. Most recent recorded action (February 4, 2025): Left in Finance.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Land preservation tax credit; maximum amount increase. Increases from $75 million to $100 million, beginning in 2025, the maximum amount of land preservation tax credits that may be issued in a calendar year and adjusts such amount each year for inflation using the Consumer Price Index for All Urban Consumers. The bill also requires the Governor to submit a recommended appropriation each year in the Budget Bill, or as amendments to the general appropriations act, from the General Fund in an amount equal to the difference between the inflation adjusted annual credit cap and $100 million, but not more than $25 million, for purposes described in the bill.
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Geary Higgins | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Finance
- Subcommittee recommends laying on the table (5-Y 3-N)
- Impact statement from TAX (HB2382)
- Assigned Finance sub: Subcommittee #2
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-08-2025 25102823D