Constitutional amendment; tax exemption for buildings, etc., constructed to conserve energy. (SJ25)

Introduced By

Sen. Chap Petersen (D-Fairfax)

Description

Constitutional amendment (second resolution); property exempt from taxation.  Authorizes the General Assembly to enact laws to permit localities to exempt from property taxes, any property, including real or personal property, equipment, facilities, or devices, constructed or designed to conserve energy and natural resources in a manner that meets or exceeds performance standards established for such purposes. The amendment also deletes the authorization for the General Assembly by general law to directly exempt from property taxes such property and property designed to abate pollution or transfer or store solar energy.   View Full Text »

Outcome

Comments

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