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2025 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Durant
Co-Patron(s): Aird, Boysko, Carroll Foy, Craig, Deeds, DeSteph, Diggs, Ebbin, Hackworth, Head, Jordan, Locke, Lucas, Marsden, McDougle, McPike, Mulchi, Peake, Pekarsky, Perry, Pillion, Reeves, Roem, Rouse, Salim, Stuart, Sturtevant, Suetterlein, Surovell
K-12 Jt. Subcommittee to Study Impact of Veterans Property Tax Relief on LCI (language only)

Item 1 #6s

Item 1 #6s

Education: Elementary and Secondary
General Assembly of Virginia

Language

Page 13, after line 17, insert:

"5. The Joint Subcommittee shall study the impact of true value of real property that is exempt from taxation pursuant to either §  58.1-3219.5 or 58.1-3219.9 on the composite index of local ability to pay and shall submit initial findings to the Chairs of House Appropriations and Senate Finance and Appropriations Committees no later than November 1, 2026."



Explanation

(This amendment directs the Joint Subcommittee on Elementary and Secondary Education Funding to study the impact of Veterans property tax relief on the local composite index.)