# Virginia SB1312: Real property tax; high exemption locality reimbursements.

Virginia SB1312, Real property tax; high exemption locality reimbursements., is a 2025 Regular Session Senate bill sponsored by Jeremy S. McPike (Democratic); status failed, last action 2025-01-23 (Passed by indefinitely in Finance and Appropriations (7-Y 6-N)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/VA-SB1312-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB1312
- State: Virginia
- Session: 2025 Regular Session
- Title: Real property tax; high exemption locality reimbursements.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-09
- Last action: 2025-01-23, Passed by indefinitely in Finance and Appropriations (7-Y 6-N)
- Sponsor: Jeremy S. McPike (Democratic)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- Roll calls: 1 (7 yes, 6 no in all)
- Economic provisions PRIA read: 0

## Summary

Real property tax; high exemption locality reimbursements. Provides that in tax year 2025 and all tax years thereafter, a high exemption locality, defined in the bill, shall be reimbursed by the Commonwealth for 50 percent of the exemption value, also defined in the bill, multiplied by the 2022 effective real property tax rate in such locality.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Jeremy S. McPike (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-01-23 | Senate | Passed by indefinitely in Finance and Appropriations | pass | 7 | 6 |   |

## Actions (4)

- 2025-01-23: Passed by indefinitely in Finance and Appropriations (7-Y 6-N) (Senate)
- 2025-01-23: Impact statement from TAX (SB1312) (Senate)
- 2025-01-09: Referred to Committee on Finance and Appropriations (Senate)
- 2025-01-09: Prefiled and ordered printed; Offered 01-08-2025 25102027D (Senate)

## Bill text

- Introduced, 2025-01-09: [HTML](https://lis.blob.core.windows.net/files/1018742.HTML), [PDF](https://lis.blob.core.windows.net/files/1018741.PDF)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1018742.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1018741.PDF)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/VA-SB1312-2025 (as of 2026-10-17).