VA SB620 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 13 2022 - 25% progression, died in chamber
Action: 2022-02-01 - Passed by indefinitely in Finance and Appropriations (12-Y 4-N)
Text: Latest bill text (Introduced) [HTML]

Summary

Real property taxes; rate of increase. Requires the governing body of a locality to hold a referendum before making most increases in their real property tax rate. Under current law, the governing body of a locality is required to limit their real property tax rate to a rate that would collect no more than 101 percent of the amount of real property taxes collected for the previous year. Increases above this rate may only be imposed if the locality holds a public meeting. The bill replaces the public meeting requirement with a requirement that any such increase be approved in a referendum.

Tracking Information

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Title

Real property taxes; rate of increase.

Sponsors


Roll Calls

2022-02-01 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (12-Y 4-N) (Y: 12 N: 4 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2022-02-01SenatePassed by indefinitely in Finance and Appropriations (12-Y 4-N)
2022-01-13SenateReferred to Committee on Finance and Appropriations
2022-01-13SenatePresented and ordered printed 22104159D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
5813321(n/a)See Bill Text

Virginia State Sources


Bill Comments

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