HB1358
Real property tax; special assessment for land use, establishes notice requirements, civil penalty.
Status:
In House
Latest Action:
Feb. 4, 2026
House: Committee substitute printed 26106641D-H1
Chief Patron:
Chris Runion (R)
Session:
2026 Regular Session
Summary
As Introduced. Real property tax; special assessment for land use; notice requirements; civil penalty.
Establishes notice requirements for the sale of real estate that is valued, assessed, and taxed by a locality under a special assessment on the basis of use. The bill directs the Department of Taxation to create a written notice that may be provided to the purchaser of real estate in ... (More) a land use program. The notice must include disclosures regarding the special classification of the real estate and liability for roll-back taxes if a change in use occurs. The bill also requires settlement agents to provide this written notice to purchasers of real estate in a land use program and to obtain the purchaser's written acknowledgement of receipt of the notice. The willful failure of a settlement agent to provide the notice and obtain the written acknowledgement will subject the settlement agent to a civil penalty in an amount not exceeding $5,000 per violation. (Less)-
Bill History
- 01/19/2026 - House: Presented and ordered printed 26105572D
- 01/19/2026 - House: Referred to Committee on Finance
- 01/30/2026 - House: Placed on Finance Agenda
- 01/31/2026 - House: Fiscal Impact statement From TAX (1/31/2026 7:06 pm)
- 02/03/2026 - House: Assigned HFIN sub: Subcommittee #2
- 02/03/2026 - House: House subcommittee offered
- 02/03/2026 - House: Subcommittee recommends reporting with substitute (10-Y 0-N)
- 02/03/2026 - House: Placed on Finance Agenda
- 02/04/2026 - House: Reported from Finance with substitute (22-Y 0-N)
- 02/04/2026 - House: Committee substitute printed 26106641D-H1
