HB854
Real property tax; local classification or designation for property, nonprofit organizations.
Status:
Passed
Latest Action:
March 14, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Chief Patron:
Rae Cousins (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Real property tax; local classification or designation for property.
Clarifies that, in accordance with the Constitution of Virginia and by adoption of a local ordinance, any locality may by designation or classification exempt from real or personal property taxes, or both, the real or personal property, or both, owned by an ownership entity of which a controlling interest of ... (More) the managing member or general partner of such ownership entity is held, directly or indirectly, by one or more nonprofit organizations, notwithstanding any for-profit ownership interests, that is used for charitable or benevolent purposes. The bill requires such local ordinance to stipulate any suspension or termination of such exemption in such ordinance. (Less)-
Bill History
- 01/13/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26104985D
- 01/13/2026 - House: Referred to Committee on Finance
- 01/23/2026 - House: Placed on Finance Agenda
- 01/26/2026 - House: Fiscal Impact statement From TAX (1/26/2026 9:10 pm)
- 01/27/2026 - House: House subcommittee offered
- 01/27/2026 - House: Subcommittee recommends reporting with substitute (8-Y 1-N)
- 01/27/2026 - House: Subcommittee recommends reporting with substitute (9-Y 0-N)
- 01/27/2026 - House: Placed on Finance Agenda
- 01/28/2026 - House: Reported from Finance with substitute (22-Y 0-N)
- 01/29/2026 - House: Committee substitute printed 26106097D-H1
- 01/30/2026 - House: Read first time
- 02/02/2026 - House: Moved from Uncontested Calendar to Regular Calendar
- 02/02/2026 - House: Read second time
- 02/02/2026 - House: committee substitute agreed to
- 02/02/2026 - House: Engrossed by House - committee substitute
- 02/03/2026 - House: Read third time and passed House (97-Y 0-N 0-A)
- 02/04/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/04/2026 - Senate: Referred to Committee on Finance and Appropriations
- 02/17/2026 - House: Fiscal Impact statement From TAX (2/17/2026 3:55 pm)
- 03/03/2026 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 03/03/2026 - Senate: Rules suspended
- 03/03/2026 - Senate: Constitutional reading dispensed (on 2nd reading) (40-Y 0-N 0-A)
- 03/03/2026 - Senate: Passed by for the day (Voice Vote)
- 03/04/2026 - Senate: Committee substitute printed 26108143D-S1
- 03/04/2026 - Senate: Read third time
- 03/04/2026 - Senate: Finance and Appropriations Substitute agreed to
- 03/04/2026 - Senate: Engrossed by Senate - committee substitute
- 03/04/2026 - Senate: Passed Senate with substitute Block Vote (40-Y 0-N 0-A)
- 03/06/2026 - House: Senate substitute agreed to by House (90-Y 5-N 0-A)
- 03/13/2026 - House: Enrolled
- 03/13/2026 - House: Bill text as passed House and Senate (HB854ER)
- 03/13/2026 - House: Signed by Speaker
- 03/13/2026 - Senate: Signed by President
- 03/14/2026 - House: Enrolled Bill communicated to Governor on March 14, 2026
- 03/14/2026 - Governor's Action Deadline 11:59 p.m., April 13, 2026
