Real property tax; homestead tax relief. (HB1520)

Introduced By

Del. Delores McQuinn (D-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Real property tax; homestead tax relief. Permits a taxpayer to defer up to 95 percent of taxes on his homestead, defined in the bill, if the amount of real property tax on his homestead has increased by at least 25 percent since the date of purchase. The amount deferred must be paid upon transfer of the property or the owner's death. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2020Committee
01/08/2020Presented and ordered printed 20105028D
01/08/2020Referred to Committee on Finance
01/14/2020Impact statement from TAX (HB1520)
01/23/2020Assigned Finance sub: Subcommittee #2
01/27/2020Subcommittee recommends striking from docket (10-Y 0-N)
02/11/2020Left in Finance

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