Real estate tax; exemptions for elderly and handicapped persons in certain cities and counties. (HB1274)
Introduced By
Sen. Lionell Spruill (D-Chesapeake)
Progress
✓ |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Real property tax exemptions for the elderly and handicapped. Raises the maximum income eligibility restriction from $62,000 to $67,000 in the Cities of Charlottesville, Chesapeake, Norfolk, Portsmouth, Richmond, Suffolk, and Virginia Beach and the Counties of Chesterfield, Goochland, and Henrico. Read the Bill »
Status
02/04/2008: Merged into HB1503
History
Date | Action |
---|---|
01/09/2008 | Committee |
01/09/2008 | Prefiled and ordered printed; offered 01/09/08 080702740 |
01/09/2008 | Referred to Committee on Finance |
01/13/2008 | Impact statement from TAX (HB1274) |
01/15/2008 | Assigned Finance sub: 1 |
02/04/2008 | Incorporated by Finance (HB1503-Loupassi) |
Comments
Income from Social Security should not be counted in the calculations of this exemption. IF it has to be then only count that which is reported as taxable income to the IRS.
How about some kind of exemption for retired military?