SB725
Classification of land and improvements for tax purposes; City of Richmond.
Summary
As Introduced. Classification of land and improvements for tax purposes; City of Richmond.
Authorizes the City of Richmond to impose a tax rate on improvements to real property that is different than the City's tax rate on the land upon which the improvements are located, provided that the tax rate is not zero and does not exceed the rate of tax rate imposed ... (More) on the land. Under current law, the Cities of Fairfax, Roanoke, and Poquoson have the authority to tax improvements and land at different rates. (Less)-
Bill History
- 01/07/2020 - Senate: Prefiled and ordered printed; offered 01/08/20 20102259D
- 01/07/2020 - Senate: Referred to Committee on Finance and Appropriations
- 01/16/2020 - Senate: Impact statement from TAX (SB725)
- 01/18/2020 - Senate: Impact statement from DHCD (SB725)
- 01/21/2020 - Senate: Reported from Finance and Appropriations (16-Y 0-N)
- 01/22/2020 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/23/2020 - Senate: Read second time and engrossed
- 01/24/2020 - Senate: Read third time and passed Senate (39-Y 0-N)
- 02/12/2020 - House: Placed on Calendar
- 02/12/2020 - House: Read first time
- 02/12/2020 - House: Referred to Committee on Finance
- 02/13/2020 - House: Assigned Finance sub: Subcommittee #2
- 02/24/2020 - House: Reported from Finance (19-Y 3-N)
- 02/26/2020 - House: Read second time
- 02/27/2020 - House: Read third time
- 02/27/2020 - House: Passed House (84-Y 13-N)
- 02/27/2020 - House: VOTE: Passage (84-Y 13-N)
- 03/04/2020 - Senate: Enrolled
- 03/04/2020 - Senate: Bill text as passed Senate and House (SB725ER)
- 03/05/2020 - Senate: Signed by President
- 03/05/2020 - House: Signed by Speaker
- 03/06/2020 - Senate: Impact statement from TAX (SB725ER)
- 03/12/2020 - Senate: Enrolled Bill Communicated to Governor on March 12, 2020
- 03/12/2020 - Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
- 04/07/2020 - Governor: Approved by Governor-Chapter 790 (effective 7/1/20)
- 04/07/2020 - Governor: Acts of Assembly Chapter text (CHAP0790)
