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2020 SESSION
HB 1496 Disabled veterans and surviving spouses; state subsidy of property tax exemptions.
Introduced by: Martha M. Mugler | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
State subsidy of property tax exemptions for disabled veterans and surviving spouses. Requires the Commonwealth to subsidize local real estate tax relief for disabled veterans and surviving spouses of members of the armed forces killed in action. The Commonwealth would subsidize localities for the amount of real estate tax revenue lost due to these constitutionally mandated tax relief programs.
The bill requires the Auditor of Public Accounts to establish an annual application process whereby a locality would demonstrate the amount of its real estate tax base that was lost. The Auditor would certify such amounts to the Governor and the General Assembly, and the Governor would include in the Budget Bill a proposed appropriation of the amount of the state subsidy to be provided to localities.
FULL TEXT
HISTORY
- 01/08/20 House: Presented and ordered printed 20102563D
- 01/08/20 House: Referred to Committee on Finance
- 01/29/20 House: Assigned Finance sub: Subcommittee #2
- 02/03/20 House: Subcommittee recommends reporting (10-Y 0-N)
- 02/03/20 House: Subcommittee recommends referring to Committee on Appropriations
- 02/05/20 House: Reported from Finance (22-Y 0-N)
- 02/05/20 House: Referred to Committee on Appropriations
- 02/11/20 House: Left in Appropriations