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VA SB342
Bill
Status
Enrolled
3/12/2026
Primary Sponsor
Russet Perry
Click for details
AI Summary
- Requires entities that condemn land subject to conservation or open-space easements to pay additional compensation beyond standard fair market value
- Condemning parties must reimburse the Commonwealth for the value of any land conservation tax credits the landowner received under the Virginia Land Conservation Incentives Act of 1999
- Condemning parties must also compensate the locality for property taxes avoided by the landowner during the time the easement was in effect
- Compensation amounts are calculated proportionately to the land or interest being condemned
- All compensation paid to the Commonwealth or locality must be used in a manner consistent with the original conservation purposes of the extinguished easement
Legislative Description
Condemnation of conservation or open-space easement; compensation.
Last Action
Governor's Action Deadline 11:59 p.m., April 13, 2026
3/14/2026
Committee Referrals
Courts of Justice: Civil2/17/2026
Courts of Justice2/17/2026
Courts of Justice1/13/2026
Full Bill Text
No bill text available