VirginiaVenison donation tax credit.
What it does
Venison donation tax credit. Creates a nonrefundable income tax credit for taxable years 2025 through 2029 for expenses incurred by a taxpayer to butcher and process an antlerless deer for human consumption. A taxpayer may claim this credit provided that (i) the hunting and harvesting of the deer complies with the Commonwealth's hunting laws and regulations and (ii) the taxpayer donates the processed deer meat to a venison donation program administered by a nonprofit organization.
More detail
The amount of the credit that may be claimed in any single taxable year cannot exceed (a) $200, if the taxpayer did not harvest each deer for which the credits are claimed in accordance with a deer management permit, or (b) the taxpayer's liability in that taxable year, if the taxpayer harvested each deer for which the credits are claimed in accordance with a deer management permit. Finally, the bill provides for an exemption from civil liability arising from injury or death resulting from the nature, age, condition, or packaging of the donated food.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 4Left in FinanceLatest
- Jan 24Assigned Finance sub: Subcommittee #2Minor
- Jan 23Impact statement from TAX (HB1741)
- Jan 4Referred to Committee on FinanceMinor
- Jan 4Prefiled and ordered printed; Offered 01-08-2025 25100288DIntroduced