VirginiaReal property tax; exemption for elderly and disabled individuals.
What it does
Real property tax; exemption for elderly and disabled individuals. Revises various provisions of the local real property tax exemption and deferral program for elderly and disabled individuals. The bill allows a locality to require that an individual (i) pay all delinquent taxes, penalties, and interest assessed by the locality and incurred prior to becoming eligible for an exemption or deferral; (ii) enter into an installment agreement with the locality for the payment of all such delinquent amounts in installments over a period that is reasonable under the circumstances, but that in no event shall exceed 72 months; (iii) submit and obtain the treasurer's agreement to an offer in compromise with respect to all amounts of delinquent taxes, penalties, and interest; or (iv) carry out a combination thereof.
More detail
Additionally, the bill provides that notice of the terms and conditions of the exemption and deferral program may be included in any notice of change in assessment and that the treasurer shall post such information on the locality's website. Finally, the bill allows a locality to provide a prorated exemption or deferral for the portion of the taxable year during which the taxpayer would have qualified for such exemption or deferral but had not yet filed an application. This bill is identical to HB 2029.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 24Acts of Assembly Chapter text (CHAP0536)Latest
- Mar 24Approved by Governor Glenn Youngkin-Chapter 536 (Effective 07/01/25)Became Law
- Mar 3Governor's Action Deadline 11:59 p.m., March 24, 2025To Governor
- Mar 3Enrolled Bill Communicated to Governor on March 3, 2025Minor
- Feb 20Signed by PresidentMajor
- Feb 18Signed by SpeakerMajor
- Feb 18Impact statement from TAX (SB816)
- Feb 18Bill text as passed Senate and House (SB816ER)Major
- Feb 18EnrolledMinor
- Feb 13Passed House (96-Y 0-N)Passed House
- Vote recorded Passed House (96-Y 0-N). Result: pass.Lower
- Feb 13Read third timeMinor
- Feb 12Read second timeMinor
- Feb 10Reported from Finance (19-Y 0-N)Minor
- Vote recorded Reported from Finance (19-Y 0-N). Result: pass.Lower
- Feb 5Impact statement from TAX (SB816)
- Feb 5Referred to Committee on FinanceMinor
- Feb 5Read first timeMinor
- Feb 5Placed on Calendar
- Jan 29Read third time and passed Senate (38-Y 0-N)Passed Senate
- Vote recorded Read third time and passed Senate (38-Y 0-N). Result: pass.Upper
- Jan 28Engrossed by Senate - committee substituteMajor
- Jan 28Finance and Appropriations Substitute agreed to
- Jan 28Reading of substitute waived
- Jan 28Read second timeMinor
- Jan 27Passed by for the day
- Vote recorded Constitutional reading dispensed (on 1st reading) (36-Y 0-N). Result: pass.Upper
- Jan 27Constitutional reading dispensed (on 1st reading) (36-Y 0-N)
- Jan 27Rules suspended
- Jan 23Committee substitute printed 25105938D-S1Major
- Vote recorded Reported from Finance and Appropriations with substitute (13-Y 0-N). Result: pass.Upper
- Jan 23Reported from Finance and Appropriations with substitute (13-Y 0-N)Minor
- Jan 10Impact statement from TAX (SB816)
- 2024
- Dec 30Referred to Committee on Finance and AppropriationsMinor
- Dec 30Prefiled and ordered printed; Offered 01-08-2025 25101500DIntroduced