Real property tax; exemptions and deferrals for certain residential or farm property. (SB496)

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 assessed value or the assessment for 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
01/09/2008Prefiled and ordered printed; offered 01/09/08
01/09/2008Prefiled and ordered printed; offered 01/09/08 082874802
01/09/2008Referred to Committee on Finance
01/18/2008Impact statement from TAX (SB496)
01/23/2008Reported from Finance with amendment (11-Y 4-N 1-A) (see vote tally)
01/24/2008Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/25/2008Read second time
01/25/2008Reading of amendment waived
01/25/2008Committee amendment agreed to
01/25/2008Engrossed by Senate as amended SB496E
01/25/2008Printed as engrossed 082874802-E
01/28/2008Motion to rerefer to committee rejected
01/28/2008Passed by for the day
01/29/2008Read third time
01/29/2008Passed by for the day
01/30/2008Passed by for the day
01/31/2008Read third time
01/31/2008Passed by for the day
02/01/2008Read third time
02/01/2008Passed by for the day
02/04/2008Read third time
02/04/2008Passed by for the day
02/05/2008Read third time
02/05/2008Passed by for the day
02/06/2008Read third time
02/06/2008Passed by for the day
02/07/2008Read third time
02/07/2008Passed by for the day
02/08/2008Read third time
02/08/2008Passed by temporarily
02/08/2008Passed by for the day
02/11/2008Read third time
02/11/2008Passed by for the day
02/12/2008Reengrossed by Senate as amended SB496E
02/12/2008Read third time
02/12/2008Engrossment reconsidered by Senate (40-Y 0-N) (see vote tally)
02/12/2008Reading of amendments waived
02/12/2008Amendment #1 by Senator Newman agreed to (21-Y 19-N) (see vote tally)
02/12/2008Amendment #3 by Senator Newman agreed to (20-Y 19-N) (see vote tally)
02/12/2008Amendment #2 by Senator Newman rejected
02/12/2008Reading of amendment waived
02/12/2008Amendment by Senator Stolle rejected (19-Y 20-N) (see vote tally)
02/12/2008Reengrossed by Senate as amended SB496E2
02/12/2008Printed as reengrossed 082874802-E2
02/12/2008Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/12/2008Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally)
02/12/2008Passed by temporarily
02/12/2008Passed Senate (36-Y 3-N) (see vote tally)
02/12/2008Communicated to House
02/13/2008Placed on Calendar
02/13/2008Read first time
02/13/2008Referred to Committee on Privileges and Elections
02/19/2008Assigned P & E sub: Constitutional
02/20/2008Impact statement from TAX (SB496E2)
03/10/2008Left in Privileges and Elections

Duplicate Bills

The following bills are identical to this one: HB1118.