Real property tax assessment; affordable housing. (HB1553)

Introduced By

Del. Manoli Loupassi (R-Richmond) with support from co-patron Del. Chris Peace (R-Mechanicsville)

Progress

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

Description

Real property tax assessment; affordable housing. Modifies the special means of assessing the value of affordable rental housing units by permitting a taxpayer who owns certain multiple units and has expenses that are common to two or more units to make a pro rata apportionment of such expenses to each such unit based on each unit's assessed value as a percentage of the total assessed value of all such units. The bill covers the units whether they are in a single tax parcel or multiple tax parcels.

Outcome

Bill Has Passed

History

DateAction
01/04/2013Committee
01/04/2013Prefiled and ordered printed; offered 01/09/13 13101814D
01/04/2013Referred to Committee on Finance
01/12/2013Impact statement from TAX (HB1553)
01/14/2013Assigned Finance sub: #2
01/16/2013Subcommittee recommends reporting (9-Y 0-N)
01/21/2013Reported from Finance (20-Y 0-N) (see vote tally)
01/22/2013Read first time
01/23/2013Passed by temporarily
01/23/2013Read second time and engrossed
01/24/2013Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/24/2013VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/25/2013Constitutional reading dispensed
01/25/2013Referred to Committee on Finance
02/01/2013Impact statement from TAX (HB1553)
02/06/2013Reported from Finance (13-Y 0-N) (see vote tally)
02/07/2013Passed by for the day
02/08/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/11/2013Read third time
02/11/2013Passed by for the day
02/12/2013Read third time
02/12/2013Passed Senate (40-Y 0-N) (see vote tally)
02/18/2013Enrolled
02/18/2013Bill text as passed House and Senate (HB1553ER)
02/18/2013Signed by Speaker
02/19/2013Impact statement from TAX (HB1553ER)
02/19/2013Signed by President
03/13/2013G Approved by Governor-Chapter 249 (effective 7/1/13)
03/13/2013G Acts of Assembly Chapter text (CHAP0249)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 1 minute.

Comments

Va Housing Coalition, tracking this bill in Photosynthesis, notes:

The VHC supports this bill that will ensure that scattered site affordable housing properties are not unfairly assessed as "market rate".