Land bank entities; real property tax exemption for certain leasehold interests. (HB591)

Introduced By

Del. Betsy Carr (D-Richmond)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Land bank entities; real property tax exemption for certain leasehold interests. Exempts from real property taxation leasehold interests in property acquired or used by a land bank entity. Read the Bill »


Bill Has Passed


01/08/2018Prefiled and ordered printed; offered 01/10/18 18100279D
01/08/2018Referred to Committee on Finance
01/16/2018Impact statement from TAX (HB591)
01/16/2018Assigned Finance sub: Subcommittee #1
01/22/2018Referred from Finance
01/22/2018Referred to Committee on Counties, Cities and Towns
01/29/2018Assigned CC & T sub: Subcommittee #2
01/31/2018Subcommittee recommends reporting (8-Y 0-N)
02/02/2018Reported from Counties, Cities and Towns (22-Y 0-N) (see vote tally)
02/06/2018Read first time
02/07/2018Read second time and engrossed
02/08/2018Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/08/2018VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/09/2018Constitutional reading dispensed
02/09/2018Referred to Committee on Finance
02/19/2018Impact statement from TAX (HB591)
02/21/2018Reported from Finance (15-Y 1-N) (see vote tally)
02/22/2018Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/23/2018Passed by for the day
02/26/2018Read third time
02/26/2018Passed Senate (38-Y 2-N) (see vote tally)
02/28/2018Bill text as passed House and Senate (HB591ER)
02/28/2018Signed by Speaker
03/02/2018Impact statement from TAX (HB591ER)
03/03/2018Signed by President
03/06/2018Enrolled Bill communicated to Governor on March 6, 2018
03/06/2018G Governor's Action Deadline Midnight, April 9, 2018
03/23/2018G Approved by Governor-Chapter 437 (effective 7/1/18)
03/23/2018G Acts of Assembly Chapter text (CHAP0437)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 32 seconds.


This is a transcript of the video clips in which this bill is discussed.

city, delegate carr. thank you, Mr. Speaker. House bill 591 continues work we have done on the land bank act and addresses a concern regarding costs by allowing the land bank to hold on to the land at a lower cost until they begin elhaving the property. I move we engross the bill and pass it on to its third reading. turning to page 18 of the printed calendar. House bill 592, a bill to amend and reenact a section of the code of virginia, relating to land bank entities; acquisition of real property. Reported from committee on