Disabled veterans and surviving spouses; state subsidy of property tax exemptions. (SB360)

Introduced By

Sen. Richard Stuart (R-Westmoreland) with support from co-patron Sen. Bill DeSteph (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


State subsidy of property tax exemptions for disabled veterans and surviving spouses. Requires the Commonwealth to subsidize local real estate tax relief for disabled veterans and surviving spouses of members of the United States Armed Forces killed in action when more than one percent of a locality's real estate tax base is lost due to such state-mandated tax relief programs. The Commonwealth would subsidize only that portion of tax-exempt real estate that exceeds the one percent threshold. The bill requires the Auditor of Public Accounts to establish an application process whereby a locality would demonstrate that more than one percent of its real estate tax base was lost. The Auditor would certify to the Governor and the General Assembly those localities that would be eligible for a subsidy, and the Governor would include in the Budget Bill a proposed appropriation of the amount of the state subsidy to be provided to localities certified as eligible localities. Read the Bill »


01/11/2022: Awaiting a Vote in the Finance and Appropriations Committee


01/11/2022Prefiled and ordered printed; offered 01/12/22 22102164D
01/11/2022Referred to Committee on Finance and Appropriations
01/23/2022Impact statement from TAX (SB360)
02/10/2022Continued to 2023 in Finance and Appropriations (16-Y 0-N) (see vote tally)

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