VirginiaHB14462025 Regular SessionHouse

Real property tax; assessment of real property used for affordable housing.

Sponsored By: Carrie E. Coyner (Republican)

Failed

Summary

Real property tax; assessment of real property used for affordable housing. Requires the duly authorized real estate assessor of a locality to appraise affordable rental housing in accordance with the income approach, as described by the bill. The bill provides that, should the duly authorized real estate assessor fail to follow generally accepted appraisal practices, the assessment will not be entitled to a presumption of correctness, and if the owner then successfully appeals such assessment, the locality shall reimburse the owner for attorney fees and costs incurred.

Finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Carrie E. Coyner

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 18 • No: 11

House vote • 2/7/2024

Continued to 2025 with substitute in Finance

Yes: 12 • No: 9

House vote • 2/6/2024

Subcommittee recommends reporting with substitute

Yes: 6 • No: 2

Actions Timeline

  1. Left in Finance

    11/18/2024House
  2. Continued to 2025 with substitute in Finance (12-Y 9-N)

    2/7/2024House
  3. Committee substitute posted to LIS only 24107217D-H1

    2/7/2024House
  4. Subcommittee recommends reporting with substitute (6-Y 2-N)

    2/6/2024House
  5. House subcommittee amendments and substitutes offered

    2/6/2024House
  6. Assigned Finance sub: Subcommittee #2

    2/2/2024House
  7. House subcommittee amendments and substitutes offered

    1/30/2024House
  8. Impact statement from TAX (HB1446)

    1/26/2024House
  9. Referred to Committee on Finance

    1/18/2024House
  10. Presented and ordered printed 24104281D

    1/18/2024House

Bill Text

  • Substitute

    2/16/2024

  • Introduced

    1/30/2024

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