Composite Index of Local Ability to Pay; DOE to study effect of local use value assessment. (HJ514)

Introduced By

Del. Michael Webert (R-Marshall) with support from co-patrons Del. Mark Cole (R-Fredericksburg), and Sen. Jill Holtzman Vogel (R-Winchester)

Progress

Introduced
Passed Committee
Passed House
Passed Senate

Description

Study; Department of Education; effect of local use value assessment of certain real estate on the Composite Index of Local Ability to Pay; report. Requests the Department of Education to (i) determine, for each of the 95 localities that have adopted ordinances to provide for the use value assessment and taxation of certain real estate, the use value of all applicable (a) real estate devoted to agricultural use, (b) real estate devoted to horticultural use, (c) real estate devoted to forest use, and (d) real estate devoted to open-space use, as those terms are defined in the Code of Virginia, and (ii) recalculate the Composite Index of Local Ability to Pay for each locality after taking into consideration such use values. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/08/2014Committee
12/08/2014Prefiled and ordered printed; offered 01/14/15 15100853D
12/08/2014Referred to Committee on Rules
01/27/2015Assigned Rules sub: Studies
01/29/2015Subcommittee recommends laying on the table
02/10/2015Left in Rules