Real estate tax; assessment of real property by localities. (HB2746)

Introduced By

Del. David Englin (D-Alexandria)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Local income tax; freeze real estate tax amount. Allows localities to impose a local income tax if they freeze the amount of real estate tax collections as of the date the local income tax is adopted. Prior to adopting the tax, there must be a referendum approving it, and the local governing body must adopt an ordinance. Localities will continue to assess real property as they normally would. The purpose of the local income tax is to make up the revenues that would have been collected from the real property tax if the collections amount had not been frozen. Read the Bill »


Bill Has Failed


01/10/2007Prefiled and ordered printed; offered 01/10/07 074244299
01/10/2007Referred to Committee on Finance
01/18/2007Assigned Finance sub: #2 (Ware, R.L.)
01/26/2007Impact statement from TAX (HB2746)