Roll-back taxes; locality to assess and collect for up to 15 years under value assessment program. (SB1043)
Introduced By
Sen. Emmett Hanger (R-Mount Solon)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Use value assessment; roll-back taxes. Allows counties, cities, and towns to assess and collect roll-back taxes for up to 15 years under a use value assessment program if all roll-back taxes, interest, and penalty are promptly deposited into a special fund and used to fund the locality's purchase of development rights program. Amends § 58.1-3237, of the Code of Virginia. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/13/2009 | Prefiled and ordered printed; offered 01/14/09 096729232 |
| 01/13/2009 | Referred to Committee on Finance |
| 01/17/2009 | Impact statement from TAX (SB1043) |
| 02/11/2009 | Passed by indefinitely in Finance (16-Y 0-N) (see vote tally) |