Real property tax; roll-back taxes shall not apply to property that loses its designation, etc. (HB82)

Introduced By

Del. Bobby Orrock (R-Thornburg)

Progress

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

Description

Real property tax; land use valuation.  Provides that roll-back taxes shall not apply to real property that loses its designation as devoted to agricultural or horticultural use because of excavation of sand or gravel on it, provided that such property returns to agricultural or horticultural use within two years after commencement of the extraction. Amends § 58.1-3237, of the Code of Virginia. View Full Text »

Outcome

Bill Has Failed

History

  • 12/21/2011 Prefiled and ordered printed; offered 01/11/12 12100499D
  • 12/21/2011 Referred to Committee on Finance
  • 01/12/2012 Assigned Finance sub: Subcommittee #1
  • 01/21/2012 Impact statement from TAX (HB82)
  • 01/25/2012 Subcommittee recommends continuing to 2013
  • 01/30/2012 Continued to 2013 in Finance
  • 11/29/2012 Left in Finance

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