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1998 SESSION
HB 403 Real property tax exemption, elderly and disabled persons.
Introduced by: William C. Mims | all patrons ... notes | add to my profiles
SUMMARY:
Property tax exemptions for elderly and disabled persons. Allows the governing bodies of Fairfax County and adjacent localities; Chesapeake, Leesburg, Manassas, Manassas Park, Portsmouth, Suffolk, and Virginia Beach; and Chesterfield, Fauquier, Henrico and Stafford Counties to raise the maximum income and net financial worth limitations for eligibility under local real property tax exemption or deferral programs and personal property tax rate reduction programs. The income limits are increased from $40,000 to $60,000 and the net financial worth limits are increased from $150,000 to $200,000.
FULL TEXT
HISTORY
- 01/15/98 House: Presented & ordered printed 989102358
- 01/15/98 House: Referred to Committee on Finance
- 01/22/98 House: Assigned to Finance sub-committee: 1
- 02/18/98 House: No action taken by Finance by voice vote