Virginia Senate Bill 922 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 6 2023 - 25% progression, died in committee
Action: 2023-02-08 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Income tax subtraction; manufactured home park sale. Exempts income earned from the sale of a manufactured home park, as defined in relevant law, to either (i) an entity that is owned by at least 25 percent of the residents of such manufactured home park or (ii) an organization exempt from taxation under § 501(c)(3) of the Internal Revenue Code, provided that such sale terms require the guaranteed maintenance of the property as a manufactured home park for a period of at least 30 years following the sale.

Income tax, state; manufactured home park sale.

Sen. Ghazala Hashmi [D]

Date	Chamber	Action
2023-02-08	Senate	Left in Finance and Appropriations
2023-01-06	Senate	Referred to Committee on Finance and Appropriations
2023-01-06	Senate	Prefiled and ordered printed; offered 01/11/23 23101649D

Chapter	Article	Section	Citation Type	Statute Text
58	1	322.02	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB922
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB922+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB922F161+PDF