|Introduced in House||Passed House||Introduced in Senate||Passed Senate||Became Law|
Real and personal property tax exemptions; repeals exemptions.
Repeals the property tax exemptions for all nonprofit entities that were granted by the General Assembly by designation, effective July 1, 2025. Any locality may grant property tax exemptions to any such organizations to become effective on or after that date.
Be it enacted by the General Assembly of Virginia:
1. � 58.1-3605. Triennial application for exemption; removal by local governing body.
The governing body of any county, city or town, after giving sixty days written notice, may require by local ordinance any entity, except the Commonwealth, any political subdivision of the Commonwealth, or the United States, which owns real and personal property exempt pursuant to this chapter to file triennially an application with the appropriate assessing officer as a requirement for retention of the exempt status of the property. Such application shall show the ownership and usage of such property and shall be filed within the next sixty days preceding the tax year for which such exemption, or the retention thereof, is sought.
The local governing
body may submit to the General Assembly a list of those organizations whose
property is designated as tax exempt under � 58.1-3650.1 et seq. which the
local governing body wants to remove from its exempt property list. Legislation
including such a list must be introduced no later than the first calendar day
of any session of the General Assembly unless requested by the Governor.
3. That any county, city, or town may enact ordinances pursuant to � 58.1-3651 of the Code of Virginia on or after July 1, 2020, to become effective on or after July 1, 2025, to exempt the real or personal property, or both, of any entity whose property tax exemption is repealed under the provisions of this act, provided that the entity meets the criteria set forth in � 58.1-3651 of the Code of Virginia.
4. That the provisions of the first and second enactments of this act shall become effective on July 1, 2025.
|01/27/2020||House||House: Subcommittee recommends laying on the table (10-Y 0-N)|
|01/14/2020||House||House: Assigned Finance sub: Subcommittee #2|
|01/06/2020||House||House: Prefiled and ordered printed; offered 01/08/20 20102616D|
|01/06/2020||House||House: Referred to Committee on Finance|