Virginia House Bill 1073 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 4 2012 - 100% progression
Action: 2012-04-04 - Governor: Acts of Assembly Chapter text (CHAP0536)
Text: Latest bill text (Chaptered) [HTML]

Real property tax; valuation of residential rental apartments. Requires that, in any appeal to a board of equalization concerning the fair market value of residential apartments in excess of four units, the board use the income approach to valuation, unless certain specified exceptions exist. Criteria to be used in making this determination include actual gross income generated, losses due to vacancies, collection losses, and rent concessions, as well as actual operating expenses and expenditures. The bill contains an emergency clause and is effective for tax years beginning on or after January 1, 2012.

Residential rental properties; appeal of real property assessments, fair market value.

Del. Timothy Hugo [R]

2012-03-02 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-03-01 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-29 - Senate - Senate: Reported from Finance (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-14 - House - House: VOTE: PASSAGE EMERGENCY (100-Y 0-N) (Y: 102 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-08 - House - House: Reported from Finance with substitute (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2012-04-04		Governor: Acts of Assembly Chapter text (CHAP0536)
2012-04-04		Governor: Approved by Governor-Chapter 536 (effective 4/4/12)
2012-03-09		Senate: Signed by President
2012-03-08		House: Signed by Speaker
2012-03-08		House: Bill text as passed House and Senate (HB1073ER)
2012-03-08		House: Enrolled
2012-03-02		Senate: Passed Senate (39-Y 0-N)
2012-03-02		Senate: Read third time
2012-03-01		Senate: Constitutional reading dispensed (39-Y 0-N)
2012-02-29		Senate: Reported from Finance (14-Y 0-N)
2012-02-15		Senate: Referred to Committee on Finance
2012-02-15		Senate: Constitutional reading dispensed
2012-02-14		House: VOTE: PASSAGE EMERGENCY (100-Y 0-N)
2012-02-14		House: Read third time and passed House (100-Y 0-N)
2012-02-13		House: Engrossed by House - committee substitute HB1073H1
2012-02-13		House: Committee substitute agreed to 12105130D-H1
2012-02-13		House: Read second time
2012-02-10		House: Read first time
2012-02-08		House: Committee substitute printed 12105130D-H1
2012-02-08		House: Reported from Finance with substitute (22-Y 0-N)
2012-02-06		House: Subcommittee recommends laying on the table by voice vote
2012-01-20		House: Assigned Finance sub: #1
2012-01-11		House: Referred to Committee on Finance
2012-01-11		House: Prefiled and ordered printed with emergency clause; offered 01/11/12 12103412D

SB73 (Same As) 2012-04-09 - Governor: Acts of Assembly Chapter text (CHAP0707)

Chapter	Article	Section	Citation Type	Statute Text
58	1	3295.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB1073
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB1073+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB1073H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB1073ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+CHAP0536+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H10V0195+HB1073
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV0806+HB1073
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S05V0261+HB1073
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0817HB1073+HB1073
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0839HB1073+HB1073