Virginia House Bill 2449

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-24 - Assigned Finance sub: Subcommittee #1
Pending: House Finance: Subcommittee #1 Committee
Text: Latest bill text (Comm Sub) [HTML]

Real property tax; special assessment for land preservation. Allows a locality to provide for the use value assessment and taxation of qualifying leased real estate. Qualifying leased real estate is defined in the bill as real estate devoted to open-space use that is subject to an active lease with a lessor who is using the property for agricultural purposes. The taxpayer seeking to qualify for the different assessment of any such qualifying leased real estate must apply to the commissioner of the revenue and provide any documentation necessary to determine eligibility.

Real property tax; special assessment for land preservation.

Del. Michael Webert [R]

Date	Chamber	Action
2025-01-24	House	Assigned Finance sub: Subcommittee #1
2025-01-23	House	Impact statement from TAX (HB2449)
2025-01-08	House	Referred to Committee on Finance
2025-01-08	House	Prefiled and ordered printed; Offered 01-08-2025 25104186D

Type	Source
Summary	https://lis.virginia.gov/bill-details/20251/HB2449
Text	https://lis.virginia.gov/bill-details/20251/HB2449/text/HB2449
Text	https://lis.virginia.gov/bill-details/20251/HB2449/text/HB2449HC1
Supplement	https://lis.blob.core.windows.net/files/1027840.PDF