Virginia Senate Bill 48 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 4 2012 - 25% progression, died in chamber
Action: 2012-01-24 - Senate: Stricken at request of Patron in Finance (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Assessment of residential rental properties. Establishes criteria by which an assessor shall determine fair market value for real estate used in whole or in part as residential rental property as defined by ordinance or the locality. Criteria include actual gross income generated, losses due to vacancies, collection losses, and rent concessions as well as actual operating expenses and expenditures. Evidence as to fair market value presented by the property owner shall be considered by the real estate assessor in his property assessment.

Residential rental properties; establishes criteria by which an assessor determines market value.

Sen. John Watkins [R]

2012-01-24 - Senate - Senate: Stricken at request of Patron in Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2012-01-24		Senate: Stricken at request of Patron in Finance (15-Y 0-N)
2012-01-04		Senate: Referred to Committee on Finance
2012-01-04		Senate: Prefiled and ordered printed; offered 01/11/12 12100756D

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+SB48
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB48+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S05V0007+SB0048