Real estate tax; exemptions and deferrals for certain residential or farm property. (HB681)

Introduced By

Del. Paula Miller (D-Norfolk) with support from co-patron Del. Bob Brink (D-Arlington)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Real property tax exemptions and deferrals for certain residential or farm property. Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of real property of up to 20 percent of the fair market value of real property that is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The bill is contingent on a constitutional amendment authorizing the exemption. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Committee
01/08/2008Prefiled and ordered printed; offered 01/09/08 086190440
01/08/2008Referred to Committee on Finance
01/15/2008Assigned Finance sub: 1
01/22/2008Impact statement from TAX (HB681)
02/07/2008Stricken from docket by Finance