Real estate tax; exemption for property in redevelopment or conservation areas. (HB537)

Introduced By

Del. Betsy Carr (D-Richmond)

Progress

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

Description

Real estate tax exemption for property in redevelopment or conservation areas or rehabilitation districts. Increases the maximum duration of a local real estate tax exemption for structures in redevelopment or conservation areas or rehabilitation districts from 15 to 30 years. Read the Bill »

Status

02/20/2020: Passed the Senate

History

DateAction
01/05/2020Committee
01/05/2020Prefiled and ordered printed; offered 01/08/20 20102238D
01/05/2020Referred to Committee on Finance
01/15/2020Impact statement from TAX (HB537)
01/16/2020Assigned Finance sub: Subcommittee #2
01/20/2020Subcommittee recommends reporting (5-Y 4-N)
01/22/2020Reported from Finance (12-Y 9-N) (see vote tally)
01/24/2020Read first time
01/27/2020Read second time and engrossed
01/28/2020Read third time and passed House (55-Y 42-N)
01/28/2020VOTE: Passage (55-Y 42-N) (see vote tally)
01/29/2020Constitutional reading dispensed
01/29/2020Referred to Committee on Finance and Appropriations
02/18/2020Reported from Finance and Appropriations (11-Y 0-N) (see vote tally)
02/19/2020Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/20/2020Read third time
02/20/2020Passed Senate (39-Y 1-N) (see vote tally)

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