VirginiaSB8162025 Regular SessionSenate

Real property tax; exemption for elderly and disabled individuals.

Sponsored By: Aaron R. Rouse (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 HB 2029.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Aaron R. Rouse

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 202 • No: 0

House vote • 2/13/2025

Passed House Block Vote

Yes: 96 • No: 0

House vote • 2/10/2025

Reported from Finance

Yes: 19 • No: 0

Senate vote • 1/29/2025

Read third time and passed Senate Block Vote

Yes: 38 • No: 0

Senate vote • 1/27/2025

Constitutional reading dispensed Block Vote (on 1st reading)

Yes: 36 • No: 0

Senate vote • 1/23/2025

Reported from Finance and Appropriations with substitute

Yes: 13 • No: 0

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0536)

    3/24/2025Governor
  2. Approved by Governor-Chapter 536 (Effective 07/01/25)

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

    3/3/2025Governor
  4. Enrolled Bill Communicated to Governor on March 3, 2025

    3/3/2025Senate
  5. Signed by President

    2/20/2025Senate
  6. Impact statement from TAX (SB816)

    2/18/2025Senate
  7. Bill text as passed Senate and House (SB816ER)

    2/18/2025Senate
  8. Enrolled

    2/18/2025Senate
  9. Signed by Speaker

    2/18/2025House
  10. Passed House Block Vote (96-Y 0-N)

    2/13/2025House
  11. Read third time

    2/13/2025House
  12. Read second time

    2/12/2025House
  13. Reported from Finance (19-Y 0-N)

    2/10/2025House
  14. Impact statement from TAX (SB816)

    2/5/2025Senate
  15. Referred to Committee on Finance

    2/5/2025House
  16. Read first time

    2/5/2025House
  17. Placed on Calendar

    2/5/2025House
  18. Read third time and passed Senate Block Vote (38-Y 0-N)

    1/29/2025Senate
  19. Engrossed by Senate - committee substitute

    1/28/2025Senate
  20. Finance and Appropriations Substitute agreed to

    1/28/2025Senate
  21. Reading of substitute waived

    1/28/2025Senate
  22. Read second time

    1/28/2025Senate
  23. Constitutional reading dispensed Block Vote (on 1st reading) (36-Y 0-N)

    1/27/2025Senate
  24. Passed by for the day

    1/27/2025Senate
  25. Rules suspended

    1/27/2025Senate

Bill Text

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