SB496: Real property tax; exemptions and deferrals for certain residential or farm property.

Chief Patron

Ralph Northam (D-)
Served: 2008–

Progress

☑	Introduced
☒	Passed Committee
☐	Passed House
☑	Passed Senate
☐	Signed by Governor
☐	Became Law

Status

03/10/2008: Failed to Pass in Committee
View Entire History

01/09/2008 Prefiled and ordered printed; offered 01/09/08
01/09/2008 Prefiled and ordered printed; offered 01/09/08 082874802
01/09/2008 Referred to Committee on Finance
01/18/2008 Impact statement from TAX (SB496)
01/23/2008 Reported from Finance with amendment (11-Y 4-N 1-A) (see vote tally)
01/24/2008 Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/25/2008 Read second time
01/25/2008 Reading of amendment waived
01/25/2008 Committee amendment agreed to
01/25/2008 Engrossed by Senate as amended SB496E
01/25/2008 Printed as engrossed 082874802-E
01/28/2008 Motion to rerefer to committee rejected
01/28/2008 Passed by for the day
01/29/2008 Read third time
01/29/2008 Passed by for the day
01/30/2008 Passed by for the day
01/31/2008 Read third time
01/31/2008 Passed by for the day
02/01/2008 Read third time
02/01/2008 Passed by for the day
02/04/2008 Read third time
02/04/2008 Passed by for the day
02/05/2008 Read third time
02/05/2008 Passed by for the day
02/06/2008 Read third time
02/06/2008 Passed by for the day
02/07/2008 Read third time
02/07/2008 Passed by for the day
02/08/2008 Read third time
02/08/2008 Passed by temporarily
02/08/2008 Passed by for the day
02/11/2008 Read third time
02/11/2008 Passed by for the day
02/12/2008 Reengrossed by Senate as amended SB496E
02/12/2008 Read third time
02/12/2008 Engrossment reconsidered by Senate (40-Y 0-N) (see vote tally)
02/12/2008 Reading of amendments waived
02/12/2008 Amendment #1 by Senator Newman agreed to (21-Y 19-N) (see vote tally)
02/12/2008 Amendment #3 by Senator Newman agreed to (20-Y 19-N) (see vote tally)
02/12/2008 Amendment #2 by Senator Newman rejected
02/12/2008 Reading of amendment waived
02/12/2008 Amendment by Senator Stolle rejected (19-Y 20-N) (see vote tally)
02/12/2008 Reengrossed by Senate as amended SB496E2
02/12/2008 Printed as reengrossed 082874802-E2
02/12/2008 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/12/2008 Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally)
02/12/2008 Passed by temporarily
02/12/2008 Passed Senate (36-Y 3-N) (see vote tally)
02/12/2008 Communicated to House
02/13/2008 Placed on Calendar
02/13/2008 Read first time
02/13/2008 Referred to Committee on Privileges and Elections
02/19/2008 Assigned P & E sub: Constitutional
02/20/2008 Impact statement from TAX (SB496E2)
03/10/2008 Left in Privileges and Elections

Summary

Real property tax exemptions and deferrals for certain residential or farm property. Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of real property of up to 20 percent of the assessed value or the assessment for real property that is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The bill is contingent on a constitutional amendment authorizing the exemption.

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