Real estate tax; deferral of tax for certain elderly and disabled. (HB2283)

Introduced By

Del. Vivian Watts (D-Annandale)

Progress

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

Description

Real property tax; deferral of tax for certain elderly and disabled. Creates a formula for determining net financial worth with regard to deferring or exempting real estate tax for elderly and disabled in certain localities. The net combined financial worth is to be determined as the portion of net combined financial worth equal to the percentage of total combined income derived from pension or social security income. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2007Committee
01/09/2007Prefiled and ordered printed; offered 01/10/07 078220544
01/09/2007Referred to Committee on Finance
01/18/2007Assigned Finance sub: #2 (Ware, R.L.)
01/21/2007Impact statement from TAX (HB2283)

Map

This bill mentions Chesapeake, Suffolk, Virginia Beach, Portsmouth, Norfolk, Chesterfield, Henrico, Richmond, Goochland, Charlottesville, University of Virginia, Charlottesville, Stafford, Fauquier, Prince William, Manassas, Manassas Park, Alexandria, Arlington, Loudoun, Clarke.