Residential property; permits localities to tax at a lower rate. (HB155)

Introduced By

Sen. Kenneth Alexander (D-Norfolk) with support from co-patron Sen. Lynwood Lewis (D-Accomac)

Progress

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

Description

Classification of taxable real property. Permits localities to tax residential property at a lower tax rate than that imposed on the general class of real property by creating a separate classification for taxation purposes. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/28/2005Prefiled and ordered printed; offered 01/11/06 067503208
12/28/2005Referred to Committee on Finance
01/14/2006Fiscal impact statement from TAX (HB155)
01/18/2006Assigned to Finance sub-committee: #1 (Orrock)
01/30/2006Continued to 2007 in Finance

Duplicate Bills

The following bills are identical to this one: HB2812.