VA SJR81 | 2008 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on January 29 2008 - 50% progression, died in chamber
Action: 2008-03-03 - House: Left in Rules

Summary

Study; income tax credits for certain homeowners based upon real property taxes and annual income; report. Requests the Department of Taxation to study implications of a state income tax credit for homeowners with annual real property taxes exceeding a certain percentage of their annual incomes. In conducting its study, the Department of Taxation shall (i) examine state constitutional and statutory issues regarding real property tax exemptions, (ii) study the effectiveness and efficiency of local real property tax relief programs, (iii) study thresholds for real property tax liability used by other states for triggering eligibility for state income tax credits or other state assistance, (iv) consider the percentage of annual income that annual real property taxes would have to exceed for purposes of determining eligibility for state income tax credits, (v) examine the ability of low and moderate income homeowners to pay real property taxes, and (vi) consider such other issues as it deems appropriate.

Tracking Information

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Title

Homeowners; Dept of Tax. to study implications of income tax credit based upon property taxes.

Sponsors


History

DateChamberAction
2008-03-03 House: Left in Rules
2008-02-11 House: Referred to Committee on Rules
2008-02-11 House: Placed on Calendar
2008-01-30 Senate: Communicated to House
2008-01-30 Senate: Agreed to by Senate by voice vote
2008-01-30 Senate: Read third time
2008-01-29 Senate: Engrossed by Senate - committee substitute SJ81S1
2008-01-29 Senate: Committee substitute agreed to 087309275-S1
2008-01-29 Senate: Reading of substitute waived
2008-01-29 Senate: Read second time
2008-01-28 Senate: Reading waived (40-Y 0-N)
2008-01-25 Senate: Reported from Rules with substitute by voice vote
2008-01-25 Senate: Committee substitute printed 087309275-S1
2008-01-09 Senate: Referred to Committee on Rules
2008-01-09 Senate: Prefiled and ordered printed; offered 01/09/08 086538284

Subjects


Virginia State Sources


Bill Comments

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