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2023 SESSION

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HJ 498 Constitutional amendment; exemption of property owned and occupied by persons of low income, etc.

Introduced by: Betsy B. Carr | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first reference); tax and finance; exempt property; affordable housing tax exemption. Amends the Constitution of Virginia by providing that the General Assembly may by general law authorize the governing body of any county, city, town, or regional government to provide for the exemption from local real property taxation, or a portion thereof, within such restrictions and upon such conditions as may be prescribed, of real estate owned and occupied by persons of low income or low financial worth.


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