Real property; establishes separate classes for purposes of taxation rates. (HB1730)
Introduced By
Sen. Kenneth Alexander (D-Norfolk)
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. If a locality imposes a lower tax rate on residential property, then thereafter the locality shall not increase the rate of taxation on the general class of real property. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/22/2006 | Committee |
12/22/2006 | Prefiled and ordered printed; offered 01/10/07 071915208 |
12/22/2006 | Referred to Committee on Finance |
01/10/2007 | Assigned Finance sub: #2 (Purkey) |
01/16/2007 | Impact statement from TAX (HB1730) |