Real estate tax; exemptions for elderly and handicapped persons in certain cities and counties. (HB1274)

Introduced By

Sen. Lionell Spruill (D-Chesapeake)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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. Amends § 58.1-3211, of the Code of Virginia. Read the Bill »

Status

02/04/2008: Merged into HB1503

History

DateAction
01/09/2008Committee
01/09/2008Prefiled and ordered printed; offered 01/09/08 080702740
01/09/2008Referred to Committee on Finance
01/13/2008Impact statement from TAX (HB1274)
01/15/2008Assigned Finance sub: 1
02/04/2008Incorporated by Finance (HB1503-Loupassi)

Comments

Donald Mc Cormick writes:

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?