Sunday, July 20, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB540: Real estate taxes; exemption for certain elderly or disabled persons.
Chief Patron
Del.
Jennifer McClellan (D-71)
Jennifer McClellan
(D-71)
Richmond, VA
Served: 2006–
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Real property taxes; exemption for certain elderly or disabled persons. Increases, and makes uniform statewide, the maximum income and net worth amounts of elderly or disabled persons that localities may use in providing real estate tax exemptions for such persons (i) from $50,000 to $75,000 for annual income, and (ii) from $200,000 to $350,000 for net worth. The net worth cap is also increased by increasing from 10 to 20 the number of acres on which the person's home is located that can be excluded in calculating net worth. The bill states that an emergency exists and is effective upon passage. View Full Text »
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
