HB 1496

  • Virginia House Bill
  • 2020 Regular Session
  • Introduced in House Jan 08, 2020
  • House
  • Senate
  • Governor

Disabled veterans and surviving spouses; state subsidy of property tax exemptions.

Abstract

State subsidy of property tax exemptions fordisabled veterans and surviving spouses. Requires the Commonwealthto subsidize local real estate tax relief for disabled veterans andsurviving spouses of members of the armed forces killed in action.The Commonwealth would subsidize localities for the amount of realestate tax revenue lost due to these constitutionally mandated taxrelief programs. The bill requiresthe Auditor of Public Accounts to establish an annual applicationprocess whereby a locality would demonstrate the amount of its realestate tax base that was lost. The Auditor would certify such amountsto the Governor and the General Assembly, and the Governor would include in the Budget Bill a proposed appropriation of the amountof the state subsidy to be provided to localities.

Bill Sponsors (3)

Votes


Actions


Feb 11, 2020

House

Left in Appropriations

Feb 05, 2020

House

Reported from Finance (22-Y 0-N)

House

Referred to Committee on Appropriations

Feb 03, 2020

House

Subcommittee recommends reporting (10-Y 0-N)

House

Subcommittee recommends referring to Committee on Appropriations

Feb 01, 2020

House

Impact statement from TAX (HB1496)

Jan 29, 2020

House

Assigned Finance sub: Subcommittee #2

Jan 08, 2020

House

Referred to Committee on Finance

House

Presented and ordered printed 20102563D

Bill Text

Bill Text Versions Format
Impact statement from TAX (HB1496) HTML

Related Documents

Document Format
No related documents.

Sources

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