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2010 SESSION

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SB 656 Property tax, local; separate classification for renewable energy manufacturing tangible property.

Introduced by: Frank M. Ruff, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Local property tax; separate classification for renewable energy manufacturing tangible personal property and improvements to real property.  Adds tangible personal property and improvements to real property designed and used primarily for manufacturing a product from renewable energy as separate classifications of property for local property tax purposes.

SUMMARY AS INTRODUCED:

Local property tax; separate classification for certified renewable energy manufacturing equipment, facilities, devices. Adds certified renewable energy manufacturing equipment, facilities, and devices to a separate class of property for local property tax purposes so the local governing body can exempt or partially exempt such property.