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Tracking Virginia’s General Assembly
since 2007.

Search 2008 Bills:

HB1173: Affordable housing; assessment of real property.

Chief Patron

Del. Melanie Rapp (R-96)

Melanie Rapp (R-96)
Yorktown, VA
Served: 2001–

Progress

Yes Introduced
Yes Passed Committee
Yes Passed House
Yes Passed Senate
Yes Signed by Governor
Yes Became Law

Status

04/05/2006: signed by governor

View Entire History

Summary

Real property assessments; affordable housing.  Provides that (i) certain federal, state or local restrictions, as well as special expenses be considered in determining the fair market value and the capitalization rate for certain real property designated as affordable housing, and (ii) federal and state income tax credits with respect to real property shall not be considered real property or income attributable to real property.   View Full Text »

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Bill Text

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