VA HJR58 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-02-13 - Left in Privileges and Elections
Pending: House Privileges and Elections Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Constitutional amendment (first reference); tax and finance; exempt property; affordable housing tax exemption. Provides that the General Assembly may by general law authorize the governing body of any county, city, town, or regional government to provide for the exemption from local real property taxation, or a portion thereof, within such restrictions and upon such conditions as may be prescribed, of real estate owned and occupied by persons of low income. Such general law shall require that (i) the real property is a single family habitation and has been owned and continuously occupied as the sole dwelling of the owner of such real property for a prescribed minimum number of years, (ii) the assessment on the property has increased by a prescribed percentage or more from the previous year or over a number of previous years, and (iii) the taxes on such property are current or the owner of such property has entered into a plan for payment of any delinquent taxes and shall establish the annual household income limits to qualify for such exemption. Constitutional amendment (first reference); tax and finance; exempt property; affordable housing tax exemption. Provides that the General Assembly may by general law authorize the governing body of any county, city, town, or regional government to provide for the exemption from local real property taxation, or a portion thereof, within such restrictions and upon such conditions as may be prescribed, of real estate owned and occupied by persons of low income. Such general law shall require that (i) the real property is a single family habitation and has been owned and continuously occupied as the sole dwelling of the owner of such real property for a prescribed minimum number of years, (ii) the assessment on the property has increased by a prescribed percentage or more from the previous year or over a number of previous years, and (iii) the taxes on such property are current or the owner of such property has entered into a plan for payment of any delinquent taxes and shall establish the annual household income limits to qualify for such exemption.

Tracking Information

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Title

Constitutional amendment; exemption of property owned and occupied by persons of low income, etc.

Sponsors


Roll Calls

2024-01-30 - House - House: Subcommittee recommends striking from docket (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2024-02-13HouseLeft in Privileges and Elections
2024-01-30HouseSubcommittee recommends striking from docket (8-Y 0-N)
2024-01-28HouseAssigned P & E sub: Constitutional Amendments
2024-01-10HouseReferred to Committee on Privileges and Elections
2024-01-10HousePrefiled and ordered printed; offered 01/10/24 24102668D

Subjects


Virginia State Sources


Bill Comments

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