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2000 SESSION

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HB 760 Real estate tax; capping tax for elderly and disabled.

Introduced by: William P. Robinson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Real estate tax; capping tax for elderly and disabled. Requires each locality to adopt the current real estate tax relief program in the Code of Virginia for the elderly and disabled or to limit the amount of real estate taxes the elderly and the disabled pay on their sole dwelling to (i) the amount paid by the elderly taxpayer in the year he attains the age of 65, and (ii) the amount paid by the disabled taxpayer in the year he became permanently and totally disabled. Localities suffering revenue losses due to this will be reimbursed by the Commonwealth. The bill is effective for taxable years beginning on and after January 1, 2001.

FULL TEXT

• 01/21/00  House: Presented & ordered printed 000318912  pdf

HISTORY

• 01/21/00  House: Presented & ordered printed 000318912
• 01/21/00  House: Referred to Committee on Finance
• 01/24/00  House: Assigned to Finance sub-committee: 1
• 02/09/00  House: Tabled in Finance (21-Y 2-N)