Real estate tax; exemptions and deferrals for certain residential or farm property. (SB10)

Introduced By

Sen. Ralph Northam (D-Norfolk)

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 »

Status

01/29/2008: Awaiting a Vote in the Privileges and Elections Committee

History

DateAction
11/28/2007Prefiled and ordered printed; offered 01/09/08 087607352
11/28/2007Referred to Committee on Privileges and Elections
01/21/2008Impact statement from TAX (SB10)
01/29/2008Stricken at request of Patron in Privileges and Elections (11-Y 0-N) (see vote tally)