Real property; classification, property owned by certain surviving spouses for tax purposes. (HB957)

Introduced By

Del. Kathy Tran (D-Springfield)

Progress

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

Description

Classification of real property owned by certain surviving spouses for tax purposes. Provides that beginning with taxable year 2022, any locality may declare real property owned by a surviving spouse of a member of the armed forces of the United States who died in the line of duty with a line of duty determination from the U.S. Department of Defense, where the spouse occupies the real property as his principal place of residence and does not remarry, a separate class of property for local taxation of real property that may be taxed at a different rate than that imposed on the general class of real property, provided that the rate of tax is greater than zero and does not exceed the rate of tax on the general class of real property. Read the Bill »

Status

01/12/2022: Awaiting a Vote in the Finance Committee

History

DateAction
01/12/2022Committee
01/12/2022Prefiled and ordered printed; offered 01/12/22 22100675D
01/12/2022Referred to Committee on Finance
01/20/2022Impact statement from TAX (HB957)

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