VA SB360 | 2022 | Regular Session
Note: Carry Foward to future SB360
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 11 2022 - 25% progression, died in committee
Action: 2022-02-10 - Continued to 2023 in Finance and Appropriations (16-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 11 2022 - 25% progression, died in committee
Action: 2022-02-10 - Continued to 2023 in Finance and Appropriations (16-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
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.
Title
Disabled veterans and surviving spouses; state subsidy of property tax exemptions.
Sponsors
Roll Calls
2022-02-10 - Senate - Senate: Continued to 2023 in Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-10 | Senate | Continued to 2023 in Finance and Appropriations (16-Y 0-N) |
| 2022-01-11 | Senate | Referred to Committee on Finance and Appropriations |
| 2022-01-11 | Senate | Prefiled and ordered printed; offered 01/12/22 22102164D |
Same As/Similar To
SB360 (Carry Over) 2022-02-10 - Continued to 2023 in Finance and Appropriations (16-Y 0-N)
