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2012 SESSION
HB 922 Real estate tax; exemption for disabled veterans.
Introduced by: L. Scott Lingamfelter | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Real property tax exemption for disabled veterans. Provides that the tax exemption for the primary residence of a disabled veteran, a disabled veteran and his spouse, or a surviving spouse of a disabled veteran includes real property (i) held in a revocable inter vivos trust over which the veteran, the veteran and his spouse, or the surviving spouse hold the power of revocation; (ii) held in an irrevocable trust under which a veteran alone or in conjunction with his spouse possesses a life estate or an estate for joint lives, or enjoys a continuing right of use or support; or (iii) held by a veteran alone or in conjunction with his spouse as tenant or tenants for life or joint lives. The bill also provides that the exemption for the surviving spouse of a disabled veteran includes property held in any of these ways. Finally, the bill establishes a formula for pro rating the amount of the exemption in the event there are owners in addition to the disabled veteran. This bill is identical to SB 540.
FULL TEXT
- 01/11/12 House: Prefiled and ordered printed; offered 01/11/12 12103936D pdf | impact statement
- 02/21/12 House: Bill text as passed House and Senate (HB922ER) pdf | impact statement
- 03/06/12 Governor: Acts of Assembly Chapter text (CHAP0075) pdf
HISTORY
- 01/11/12 House: Prefiled and ordered printed; offered 01/11/12 12103936D
- 01/11/12 House: Referred to Committee for Courts of Justice
- 01/17/12 House: Assigned Courts sub: #2 Civil
- 01/18/12 House: Subcommittee recommends reporting (9-Y 0-N)
- 01/23/12 House: Reported from Courts of Justice (17-Y 0-N)
- 01/25/12 House: Read first time
- 01/26/12 House: Read second time and engrossed
- 01/27/12 House: Read third time and passed House (98-Y 0-N)
- 01/27/12 House: VOTE: PASSAGE (98-Y 0-N)
- 01/30/12 Senate: Constitutional reading dispensed
- 01/30/12 Senate: Referred to Committee on Finance
- 02/15/12 Senate: Reported from Finance (15-Y 0-N)
- 02/16/12 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/17/12 Senate: Read third time
- 02/17/12 Senate: Passed Senate (40-Y 0-N)
- 02/21/12 House: Enrolled
- 02/21/12 House: Bill text as passed House and Senate (HB922ER)
- 02/21/12 House: Signed by Speaker
- 02/22/12 Senate: Signed by President
- 03/06/12 Governor: Approved by Governor-Chapter 75 (effective 7/1/12)
- 03/06/12 Governor: Acts of Assembly Chapter text (CHAP0075)