SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2011 SESSION
11101237DBe it enacted by the General Assembly of Virginia:
1. That § 58.1-3294 of the Code of Virginia is amended and reenacted as follows:
§ 58.1-3294. Reports of income data by owners of income-producing realty; certification; confidentiality.
Any duly authorized real estate assessor, board of assessors,
or department of real estate assessments may require that the owners of
income-producing real estate in the county or city subject to local taxation,
except property producing income solely from the rental of no more than four
dwelling units, and except property being used exclusively as an owner-occupied
property, not as a hotel, motel, or office building over 12,000 square feet,
and not engaged in a retail or wholesale business where merchandise for sale is
displayed, furnish to such assessor, board or department on or before a time
specified, which time may be extended for not less than ninety days, upon
application of the owner of such property statements of the income and expenses
attributable over a specified period of time to each such parcel of real estate.
Each such statement shall be certified as to its accuracy by an owner of the
real estate for which the statement is furnished, or a duly authorized agent
thereof. Any statement required by this section shall be kept confidential in
accordance with the provisions of § 58.1-3. The failure of the owner of
income-producing property, except property producing income solely from the
rental of no more than four dwelling units, and except property being used
exclusively as an owner-occupied property, not as a hotel, motel, or office
building over 12,000 square feet, and not engaged in a retail or wholesale
business where merchandise for sale is displayed, to furnish a statement of
income and expenses as required by this section shall bar such owner or his
representative from introducing into evidence, or using in any other manner,
any of the required but not furnished income and expense information in any
judicial action brought under § 58.1-3984. Nothing in this section shall be
construed to prohibit the use or consideration of any such statement of income
and expense [ (i) in a complaint before a board of equalization
pursuant to § 58.1-3379, as long as it is submitted to the board at least 30
days prior to a hearing before such board, nor (ii) in any judicial action for
relief from the determination of a board of equalization in an action in which
such statement was submitted timely in a complaint before a board of
equalization pursuant to § 58.1-3379, as long as it is submitted to the board
no later than the appeal filing deadline of such board ] .