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Home / Verdicts & Settlements / Plaintiff entitled to $19M in additional tax credits for property – $19,000,000 Verdict (access required)

Plaintiff entitled to $19M in additional tax credits for property – $19,000,000 Verdict (access required)

This case stems from the conservation tax credit program codified under Virginia law at Code § 58.1-512. Under that program, when a grantor donates land for conservation purposes, the Department of Taxation is to issue tax credits in an amount equal to 40 percent of the land’s fair market value. Virginia is one of relatively ...

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