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Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB805 • 2026

Land preservation; maximum amount of increase of tax credits.

<p class=ldtitle>A BILL to amend and reenact § 58.1-512 of the Code of Virginia, relating to land preservation tax credit; maximum amount increase.</p>

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Carr
Last action
2026-02-18
Official status
Failed
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details on how the tax credits will be used after the increase or if there are limits on which lands qualify for these increased tax credits.

Increasing Land Preservation Tax Credits

This bill increases the maximum amount of land preservation tax credits that can be issued in a year from $75 million to $100 million, starting in 2026.

What This Bill Does

  • Increases the yearly limit for land preservation tax credits from $75 million to $100 million.

Who It Names or Affects

  • People and organizations that get land preservation tax credits.
  • The state government, which issues these tax credits.

Terms To Know

Land Preservation Tax Credit
A reduction in taxes given to people or groups who protect land from development.

Limits and Unknowns

  • The bill does not specify how the tax credits will be used after the increase.
  • It is unclear if there are limits on which lands qualify for these increased tax credits.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB805AHC1

2026-02-02

Finance Amendment

Plain English: The amendment removes a specific part of the text related to land preservation tax credits.

  • Removes certain wording from lines 185 and 186 that relates to the maximum amount of increase for land preservation tax credits.
  • The exact content being removed is not provided in the amendment text, making it hard to explain what specific changes are being made beyond noting a part of the text will be struck out.
HB805AHC2

2026-02-04 • Committee

Subcommittee #1 Subcommittee Amendment

Plain English: The amendment removes a specific part of the text related to land preservation tax credits.

  • Removes certain wording from lines 185 and 186 that relates to the maximum amount of increase for land preservation tax credits.
  • The exact content being removed is not provided in the amendment text, making it unclear what specific information or numbers are being deleted.
  • Without knowing the full context from lines 185 and 186, it's hard to explain precisely how this change will affect land preservation tax credits.

Bill History

  1. 2026-02-18 House

    Left in Committee Education

  2. 2026-02-18 House

    Left in Finance

  3. 2026-02-02 Subcommittee #1

    Subcommittee recommends laying on the table (7-Y 3-N)

  4. 2026-02-02 Subcommittee #1

    House subcommittee offered

  5. 2026-02-01 House

    Fiscal Impact statement From TAX (2/1/2026 10:40 am)

  6. 2026-01-13 House

    Prefiled and ordered printed; Offered 01-14-2026 26103327D

  7. 2026-01-13 Finance

    Referred to Committee on Finance

Official Summary Text

Land preservation tax credit; maximum amount increase.
Increases from $75 million to $100 million, beginning in calendar year 2026, the maximum amount of land preservation tax credits that may be issued in a calendar year.

Current Bill Text

Read the full stored bill text 
HB 805

SUBCOMMITTEE

1. Line 185, introduced, after
million

strike

the remainder of line 185 and through
year
on line 186