Real estate tax; classification of residential property. (HB215)
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 |
---|---|
12/27/2007 | Committee |
12/27/2007 | Prefiled and ordered printed; offered 01/09/08 088361408 |
12/27/2007 | Referred to Committee on Finance |
01/15/2008 | Assigned Finance sub: 1 |
01/19/2008 | Impact statement from TAX (HB215) |
02/07/2008 | Continued to 2009 in Finance |