Eminent domain; calculation of lost profits, amends definitions. (SB809)
Introduced By
Sen. Chap Petersen (D-Fairfax) with support from co-patron Sen. Amanda Chase (R-Midlothian)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Eminent domain; calculation of lost profits. Amends, in the definitions of "lost profits" and "business profit" for the purposes of eminent domain, the period for which lost profits are calculated to a period not to exceed three years from the later of (i) the date of valuation or (ii) the date the state agency or its contractor prevents the owner from using the land or any of the owner's other property rights are taken. Under current law, lost profits are calculated for a period not to exceed (a) three years from the date of valuation if less than the entire parcel of property is taken or (b) one year from the date of valuation if the entire parcel of property is taken. The bill specifies that the person claiming lost profits is entitled to compensation whether part of the property or the entire parcel of property is taken. The bill further specifies that if the owner is not named in the petition for condemnation, he may intervene in the proceeding and that proceedings to adjudicate lost profits may be bifurcated from the other proceedings to determine just compensation if the lost profits claim period will not expire until one year or later from the date of the filing of the petition for condemnation, but such bifurcation shall not prevent the entry of an order confirming indefeasible title to the land interests acquired by the condemning authority. This bill incorporates SB 911. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/11/2018 | Presented and ordered printed 18104879D |
01/11/2018 | Referred to Committee for Courts of Justice |
01/29/2018 | Reported from Courts of Justice with substitute (15-Y 0-N) (see vote tally) |
01/29/2018 | Committee substitute printed 18106228D-S1 |
01/29/2018 | Incorporates SB911 (Chase) |
01/29/2018 | Rereferred to Finance |
02/06/2018 | Reported from Finance (14-Y 2-N) (see vote tally) |
02/07/2018 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/08/2018 | Read second time |
02/08/2018 | Reading of substitute waived |
02/08/2018 | Committee substitute agreed to 18106228D-S1 |
02/08/2018 | Engrossed by Senate - committee substitute SB809S1 |
02/09/2018 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
02/14/2018 | Placed on Calendar |
02/14/2018 | Read first time |
02/14/2018 | Referred to Committee for Courts of Justice |
02/15/2018 | Assigned Courts sub: Subcommittee #2 |
02/19/2018 | Subcommittee recommends reporting (8-Y 0-N) |
02/23/2018 | Reported from Courts of Justice (18-Y 0-N) (see vote tally) |
02/27/2018 | Read second time |
02/28/2018 | Read third time |
02/28/2018 | Passed House BLOCK VOTE (98-Y 0-N) |
02/28/2018 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
03/05/2018 | Enrolled |
03/05/2018 | Bill text as passed Senate and House (SB809ER) |
03/05/2018 | Signed by Speaker |
03/08/2018 | Signed by President |
03/14/2018 | Enrolled Bill Communicated to Governor on March 14, 2018 |
03/14/2018 | G Governor's Action Deadline Midnight, April 9, 2018 |
03/28/2018 | Impact statement from DPB (SB809ER) |
03/30/2018 | G Approved by Governor-Chapter 702 (effective 7/1/18) |
03/30/2018 | G Acts of Assembly Chapter text (CHAP0702) |