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2014 SESSION

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HB 46 Real property tax; exemption for spouses of members of armed forces killed in action.

Introduced by: David I. Ramadan | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Constitutional amendment (voter referendum) and implementing legislation; property tax exemption for surviving spouses of soldiers killed in action. Provides for a referendum at the November 4, 2014, election to approve or reject an amendment to allow the General Assembly to exempt from taxation the real property of the surviving spouse of a soldier killed in action. The constitutional amendment provides that the surviving spouse must occupy the real property as his or her principal place of residence and any exemption ceases if the surviving spouse remarries. If the amendment is approved, the bill provides that beginning with tax year 2015 the exemption would apply to a dwelling with an assessed value in the most recently ended tax year that does not exceed the average assessed value for such year for dwellings in the locality that are zoned as single family residential. The exemption would apply for the dwelling and the land upon which it is situated, not exceeding one acre.


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