Thursday, July 24, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB1058: Real estate tax; exempts historic landmarks used for commercial or industrial property.
Chief Patron
Sen.
John Watkins (R-10)
John Watkins
(R-10)
Served: 1998–
Progress
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Introduced |
 |
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
Local real estate tax exemptions. Provides that any person who substantially changes real estate, upon which a historic landmark was formerly situated, into commercial or industrial use property shall be eligible for a partial exemption from real estate taxes for the commercial or industrial property provided that such person was not the party who demolished the historic landmark.
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Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
