Virginia House Bill 1045 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2008 - 25% progression, died in chamber
Action: 2008-02-12 - House: Left in Privileges and Elections

Real property tax exemptions and deferrals for certain residential or farm property. Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of real property of up to 20 percent of the fair market value of up to one acre of real property that is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The maximum amount of the exemption must be the same for all such properties within the locality, and the maximum dollar amount of the exemption shall not exceed 20 percent of the median price for such properties within the locality. The bill is contingent on passage of a constitutional amendment authorizing the exemption.

Real estate tax; exemptions and deferrals for certain residential or farm property.

Del. Vivian Watts [D]

Date	Chamber	Action
2008-02-12		House: Left in Privileges and Elections
2008-01-15		House: Assigned P & E sub: Constitutional
2008-01-09		House: Referred to Committee on Privileges and Elections
2008-01-09		House: Prefiled and ordered printed; offered 01/09/08 087650784

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB1045