Virginia Senate Bill 911 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 19 2018 - 25% progression, died in chamber
Action: 2018-01-29 - Incorporated by Courts of Justice
Text: Latest bill text (Introduced) [HTML]

Eminent domain; lost profits. The bill redefines lost profits for the purposes of calculating an award in an eminent domain proceeding as a loss of business profits from a business or farm operation for a period not to exceed three years from the date of valuation, regardless of the amount of property that is taken. Under current law, lost profits are calculated for a period not to exceed three years from the date of valuation if there is a partial taking of property and for a period not to exceed one year from the date of valuation if the entire parcel of property is taken. This bill was incorporated into SB 809.

Eminent domain; redefines lost profits.

Sen. Amanda Chase [R]

2018-01-29 - Senate - Senate: Incorporated by Courts of Justice (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2018-01-29	Senate	Incorporated by Courts of Justice
2018-01-19	Senate	Referred to Committee for Courts of Justice
2018-01-19	Senate	Presented and ordered printed 18104948D

Chapter	Article	Section	Citation Type	Statute Text
25	1	100	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+SB911
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+SB911+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+S03V0194+SB0911