SB1312
Real property tax; high exemption locality reimbursements.
Summary
As Introduced. Real property tax; high exemption locality reimbursements.
Provides that in tax year 2025 and all tax years thereafter, a high exemption locality, defined in the bill, shall be reimbursed by the Commonwealth for 50 percent of the exemption value, also defined in the bill, multiplied by the 2022 effective real property tax rate in such locality.-
Bill History
- 01/09/2025 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25102027D
- 01/09/2025 - Senate: Referred to Committee on Finance and Appropriations
- 01/23/2025 - Senate: Impact statement from TAX (SB1312)
- 01/23/2025 - Senate: Passed by indefinitely in Finance and Appropriations (7-Y 6-N)
