Saturday, July 19, 2008
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Tracking Virginia’s General Assembly
since 2007.

Search 2008 Bills:

HB2753: Real estate tax; tax credit for certain residential property.

Chief Patron

Del. Dave Marsden (D-41)

Dave Marsden (D-41)
Burke, VA
Served: 2006–

Progress

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

Status

Bill is Dead

View Entire History

Summary

Real property tax; tax credit for certain residential real property.   Allows localities to provide a tax credit equal to five percent of the tax liability due on residential real property located within one mile of a light or heavy rail station or bus station that is a hub.  The credit may be taken only by property owners who purchased their homes on or after January 1, 2007, and may be taken for a period not to exceed five years.

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Bill Text