SB 727 Virginia Senate · 2020 Regular Session

Real estate tax; exemption for property in redevelopment or conservation areas.

Summary

Real estate tax exemption for property in redevelopment or conservation areas or rehabilitation districts. Increases the maximum duration of a local real estate tax exemption for structures in redevelopment or conservation areas or rehabilitation districts from 15 to 30 years. This bill is identical to HB 537.

Bill status signed all 5 stages cleared

Introduction

Jan 2020

Committee Review

Feb 2020

Senate Passage

Jan 2020

House of Delegates Passage

Feb 2020

Signed into Law

Mar 2020

Introduced Jan 7, 2020 Signed Mar 2, 2020

Floor votes · Senate Jan 24, 2020 · House of Delegates Feb 17, 2020

How they voted

39–0

Passed · 1 other

Total votes 40

Jan 24, 2020

D Democratic21

21 Yea

100% Yea

R Republican19

18 Yea 1

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 2, 2020

Signed into law

Approved by Governor-Chapter 66 (effective 7/1/20)

Feb 17, 2020

House of Delegates · Passed

Passed House (53-Y 44-N)

Feb 12, 2020

House of Delegates · Reported by committee

Reported from Finance (12-Y 9-N)

Feb 12, 2020

House of Delegates · Referred to committee

Referred to Committee on Finance

Jan 24, 2020

Senate · Passed

Read third time and passed Senate (39-Y 0-N)

Jan 21, 2020

Senate · Reported by committee

Reported from Finance and Appropriations (16-Y 0-N)

Jan 7, 2020

Senate · Referred to committee

Referred to Committee on Finance and Appropriations

Jan 7, 2020

Senate · Introduced

Prefiled and ordered printed; offered 01/08/20 20102179D

1 primary · 0 co-sponsors