Virginia Senate Bill 1032 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2023 - 25% progression, died in chamber
Action: 2023-02-01 - Passed by indefinitely in Finance and Appropriations (14-Y 2-N)
Text: Latest bill text (Prefiled) [HTML]

State subsidy of property tax exemptions for disabled veterans and surviving spouses of military members killed in action. 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 bill provides that the Commonwealth will subsidize only that portion of tax-exempt real estate that exceeds the one percent threshold and requires the Auditor of Public Accounts to establish an application process whereby a locality demonstrates that more than one percent of its real estate tax base was lost. Under the bill, the Auditor certifies to the Governor and the General Assembly those localities that are eligible for a subsidy and the Governor includes in the Budget Bill a proposed appropriation of the amount of the state subsidy to be provided to localities certified as eligible localities.

Disabled veterans & surviving spouses of certain military; state subsidy of property tax exemptions.

Sen. Richard Stuart [R]

2023-02-01 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (14-Y 2-N) (Y: 14 N: 2 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-02-01	Senate	Passed by indefinitely in Finance and Appropriations (14-Y 2-N)
2023-01-08	Senate	Referred to Committee on Finance and Appropriations
2023-01-08	Senate	Prefiled and ordered printed; offered 01/11/23 23103178D

Chapter	Article	Section	Citation Type	Statute Text
58	1	3537	(n/a)	See Bill Text
58	1	3538	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1032
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1032+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1032F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0169+SB1032