Real property tax; exemptions for military members and their surviving spouses. (HB421)
Introduced By
Del. Gordon Helsel (R-Poquoson)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Real property tax exemptions; military members and their surviving spouses. Extends the property tax exemptions for the principle residences of certain disabled veterans and surviving spouses of members of the armed forces killed in action to include real property improvements made to the land surrounding such residences so long as the principle use of the improvement is for other than a business purpose. Article X, Section 6-A of the Constitution of Virginia exempts from local real property taxes the principle residences of (i) veterans with a 100 percent service-connected, permanent, and total disability and (ii) surviving spouses of members of the armed forces killed in action. Under the Code of Virginia, in general, up to one acre upon which the principle residence is situated is also exempt from local property taxes. This bill extends the exemption to other improvements made to such one acre so long as the principle use of the improvement is for other than a business purpose. The provisions of the bill are effective for tax years beginning on or after January 1, 2017. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/07/2016 | Committee |
01/07/2016 | Prefiled and ordered printed; offered 01/13/16 16101333D |
01/07/2016 | Referred to Committee on Finance |
01/17/2016 | Impact statement from TAX (HB421) |
02/02/2016 | Assigned to sub: Subcommittee #2 |
02/02/2016 | Assigned Finance sub: Subcommittee #2 |
02/03/2016 | Subcommittee recommends reporting with amendment(s) (9-Y 0-N) |
02/08/2016 | Reported from Finance with substitute (22-Y 0-N) (see vote tally) |
02/08/2016 | Committee substitute printed 16104779D-H1 |
02/09/2016 | Read first time |
02/10/2016 | Read second time |
02/10/2016 | Committee substitute agreed to 16104779D-H1 |
02/10/2016 | Engrossed by House - committee substitute HB421H1 |
02/11/2016 | Read third time and passed House BLOCK VOTE (97-Y 0-N) |
02/11/2016 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally) |
02/12/2016 | Constitutional reading dispensed |
02/12/2016 | Referred to Committee on Finance |
02/19/2016 | Impact statement from TAX (HB421H1) |
02/24/2016 | Reported from Finance (14-Y 0-N) (see vote tally) |
02/25/2016 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/26/2016 | Read third time |
02/26/2016 | Passed Senate (39-Y 0-N) (see vote tally) |
03/01/2016 | Enrolled |
03/01/2016 | Bill text as passed House and Senate (HB421ER) |
03/01/2016 | Signed by Speaker |
03/02/2016 | Impact statement from TAX (HB421ER) |
03/04/2016 | Signed by President |
03/07/2016 | G Governor's Action Deadline Midnight, Monday, April 11, 2016 |
03/07/2016 | Enrolled Bill communicated to Governor on 3/7/2016 |
03/07/2016 | G Governor's Action Deadline Midnight, Sunday, April 10, 2016 |
03/25/2016 | G Approved by Governor-Chapter 485 (effective 1/1/17) |
03/25/2016 | G Acts of Assembly Chapter text (CHAP0485) |