VirginiaHB20292025 Regular SessionHouse

Real property tax; exemption for elderly and disabled individuals.

Sponsored By: Phil M. Hernandez (Democratic)

To Governor

Summary

Real property tax; exemption for elderly and disabled individuals. Revises various provisions of the local real property tax exemption and deferral program for elderly and disabled individuals. The bill allows a locality to require that an individual (i) pay all delinquent taxes, penalties, and interest assessed by the locality and incurred prior to becoming eligible for an exemption or deferral; (ii) enter into an installment agreement with the locality for the payment of all such delinquent amounts in installments over a period that is reasonable under the circumstances, but that in no event shall exceed 72 months; (iii) submit and obtain the treasurer's agreement to an offer in compromise with respect to all amounts of delinquent taxes, penalties, and interest; or (iv) carry out a combination thereof. Additionally, the bill provides that notice of the terms and conditions of the exemption and deferral program may be included in any notice of change in assessment and that the treasurer shall post such information on the locality's website. Finally, the bill allows a locality to provide a prorated exemption or deferral for the portion of the taxable year during which the taxpayer would have qualified for such exemption or deferral but had not yet filed an application. This bill is identical to SB 816.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Phil M. Hernandez

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 207 • No: 11

Senate vote • 2/7/2025

Passed Senate Block Vote

Yes: 39 • No: 0

Senate vote • 2/6/2025

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 40 • No: 0

Senate vote • 2/5/2025

Reported from Finance and Appropriations

Yes: 12 • No: 0

House vote • 1/28/2025

Read third time and passed House

Yes: 94 • No: 3

House vote • 1/22/2025

Reported from Finance with substitute

Yes: 17 • No: 5

House vote • 1/20/2025

Subcommittee recommends reporting with amendment(s)

Yes: 5 • No: 3 • Other: 1

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0522)

    3/24/2025Governor
  2. Approved by Governor-Chapter 522 (Effective 07/01/25)

    3/24/2025Governor
  3. Governor's Action Deadline 11:59 p.m., March 24, 2025

    2/18/2025Governor
  4. Enrolled Bill communicated to Governor on February 18, 2025

    2/18/2025House
  5. Impact statement from TAX (HB2029)

    2/15/2025House
  6. Signed by President

    2/13/2025Senate
  7. Bill text as passed House and Senate (HB2029ER)

    2/10/2025House
  8. Enrolled

    2/10/2025House
  9. Signed by Speaker

    2/10/2025House
  10. Passed Senate Block Vote (39-Y 0-N)

    2/7/2025Senate
  11. Read third time

    2/7/2025Senate
  12. Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N)

    2/6/2025Senate
  13. Passed by for the day

    2/6/2025Senate
  14. Rules suspended

    2/6/2025Senate
  15. Reported from Finance and Appropriations (12-Y 0-N)

    2/5/2025Senate
  16. Impact statement from TAX (HB2029)

    2/3/2025House
  17. Referred to Committee on Finance and Appropriations

    1/29/2025Senate
  18. Constitutional reading dispensed (on 1st reading)

    1/29/2025Senate
  19. Read third time and passed House (94-Y 3-N)

    1/28/2025House
  20. Engrossed by House - committee substitute

    1/27/2025House
  21. Finance Substitute agreed to

    1/27/2025House
  22. Read second time

    1/27/2025House
  23. Read first time

    1/24/2025House
  24. Committee substitute printed 25105713D-H1

    1/22/2025House
  25. Reported from Finance with substitute (17-Y 5-N)

    1/22/2025House

Bill Text

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