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

DateAction
12/27/2007Committee
12/27/2007Prefiled and ordered printed; offered 01/09/08 088361408
12/27/2007Referred to Committee on Finance
01/15/2008Assigned Finance sub: 1
01/19/2008Impact statement from TAX (HB215)
02/07/2008Continued to 2009 in Finance