| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 2025 SESSION | |
| 2 | 2 | ||
| 3 | 3 | INTRODUCED | |
| 4 | 4 | ||
| 5 | 5 | 25101190D | |
| 6 | 6 | ||
| 7 | 7 | HOUSE BILL NO. 1813 | |
| 8 | 8 | ||
| 9 | 9 | Offered January 8, 2025 | |
| 10 | 10 | ||
| 11 | 11 | Prefiled January 6, 2025 | |
| 12 | 12 | ||
| 13 | 13 | A BILL to amend the Code of Virginia by adding a section numbered 29.1-501.1 and by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.15, relating to Board of Wildlife Resources; trout-fishing access-site registry; income tax credit. | |
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| 17 | 17 | PatronCampbell | |
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| 20 | 20 | ||
| 21 | 21 | Committee Referral Pending | |
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| 25 | 25 | Be it enacted by the General Assembly of Virginia: | |
| 26 | 26 | ||
| 27 | 27 | 1. That the Code of Virginia is amended by adding a section numbered 29.1-501.1 and by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.15 as follows: | |
| 28 | 28 | ||
| 29 | 29 | 29.1-501.1. Board to establish a trout-fishing access-site registry. | |
| 30 | 30 | ||
| 31 | 31 | A. The Board shall establish and manage a trout-fishing access-site registry through which any private landowner who holds fee simple title to real property may register such property to allow any person who holds a valid fishing license ingress and egress upon such property for the sole purpose of fishing in trout waters. | |
| 32 | 32 | ||
| 33 | 33 | B. The Board may promulgate regulations pertaining to the establishment and management of the trout-fishing access-site registry including regulations related to ensuring that registrants' property meets the necessary criteria for fishing trout and that registrants comply with the other rules and regulations of the Board and reasonable time, place, and manner restrictions for accessing and using the site for fishing trout. | |
| 34 | 34 | ||
| 35 | 35 | 58.1-339.15. Trout-fishing access-site registry tax credit. | |
| 36 | 36 | ||
| 37 | 37 | A. For the purposes of this section, "eligible landowner" means an individual who has registered real property with the Board of Wildlife Resources as a trout-fishing access site in accordance with 29.1-501.l. | |
| 38 | 38 | ||
| 39 | 39 | B. For taxable years beginning on and after January 1, 2025, but before January 1, 2030, a taxpayer shall be allowed a nonrefundable credit in the amount of $2,000 against the tax levied pursuant to 58.1-320 if such taxpayer was an eligible landowner during the entirety of the tax year for which such credit is claimed. A taxpayer shall be allowed only one credit under this section per taxable year. The taxpayer shall submit evidence of his registration with the Board of Wildlife Resources as a trout-fishing access site with the income tax return in accordance with any rules or regulations adopted by the Department. The aggregate amount of credits allowable under this section shall not exceed $1 million per taxable year. Credits shall be allocated by the Department on a first-come, first-served basis. | |
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| 41 | 41 | C. The amount of the credit that may be claimed in any single taxable year shall not exceed the individual's liability for taxes imposed by this chapter for that taxable year. If the amount of the credit allowed under this section exceeds the individual's tax liability for the taxable year in which the eligible transaction occurred, the amount that exceeds the tax liability may be carried over for credit against the income taxes of the individual in the next five taxable years or until the total amount of the tax credit has been claimed, whichever is sooner. | |
| 42 | 42 | ||
| 43 | 43 | D. The Tax Commissioner shall develop guidelines for claiming the credit provided by this section. Such guidelines shall be exempt from the provisions of the Administrative Process Act ( 2.2-4000 et seq.). |