2005 Regular Session

HOUSE BILL 842

File Code: Taxes - Property
Sponsored By:
Delegates Gordon, V. Clagett, C. Davis, Feldman, Goldwater, Healey, Howard, Hubbard, James, Kaiser, King, Madaleno, Marriott, and Vaughn
Entitled:
Land Value Taxation - State Property Tax

Synopsis:

Establishing separate classes for property tax purposes for land and improvements to land; establishing a new subclass of land for land that is used a principal place of residence; exempting improvements to land from the State property tax, with specified exceptions; exempting from the State property tax the first $15,000 of value of agricultural land and the first $40,000 of value of land used as a principal place of residence; applying the Act to tax years beginning after June 30, 2006; etc.

History by Legislative Date

House Action
2/10
First Reading Ways and Means
2/23
Hearing 3/23 at 1:00 p.m.
4/11
Unfavorable Report by Ways and Means
Senate Action
No Action

Sponsored by:

Delegate Michael R. Gordon, District 17
Delegate Virginia P. Clagett, District 30
Delegate Clarence Davis, District 45
Delegate Brian J. Feldman, District 15
Delegate Marilyn R. Goldwater, District 16
Delegate Anne Healey, District 22
Delegate Carolyn J. B. Howard, District 24
Delegate James W. Hubbard, District 23A
Delegate Mary-Dulany James, District 34A
Delegate Anne R. Kaiser, District 14
Delegate Nancy J. King, District 39
Delegate Richard S. Madaleno, Jr., District 18
Delegate Salima Siler Marriott, District 40
Delegate Michael L. Vaughn, District 24

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND
ASSESSMENTS
EXEMPTIONS
FARMLAND
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
PROPERTY TAX
PUBLIC WORKS, BOARD OF
REAL PROPERTY

Bill affects the following Statutes:

Tax - Property
( 6-301 , 7-301 , 8-101 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered