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2004 SESSION

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HB 1004 Back taxes; allows localities to develop procedure to forgive certain on real property.

Introduced by: Robert D. Orrock, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Localities may forgive certain back taxes. Allows localities, to the extent not prohibited by the Virginia Constitution, to develop a procedure to forgive back taxes on real property that is transferred to a 501(c)(3) organization that is primarily engaged in the construction of affordable single-family dwelling units.


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