Real property taxation; establishes as separate classes thereof. (HB5031)

Introduced By

Del. Bob Marshall (R-Manassas)

Progress

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

Description

Real property taxation. Establishes as separate classes of real property for purposes of real property taxation rates the following (i) residential property; and (ii) real estate devoted to agricultural use, horticultural use, forest use, or open-space use. The governing body of any county, city, or town may, establish rates of taxation on each of these classes of property different from each other and different from the tax rate levied on all other real property. Amends § 58.1-3221.2, of the Code of Virginia. View Full Text »

Outcome

Bill Has Failed

History

  • 08/11/2006 Presented and ordered printed 061693396
  • 08/11/2006 Referred to Committee on Finance
  • 09/25/2006 Fiscal impact statement from TAX (HB5031)
  • 09/28/2006 Left in Finance