Language Page 310, after line 3, insert: "255.10 Supplemental Payments to High Exemption Localities for the Disabled Veteran Tax Relief Program$0$42,000,000 Fund Sources: General $0 $42,000,000 " "A. Out of this appropriation $42,000,000 in the second year from the general fund is provided to implement a program of supplemental payments to high exemption localities for the disabled veteran tax relief program pursuant to Senate Bill 1312 of the 2025 Session.B. A high exemption locality means any locality in which at least one percent of real property was determined to be exempt from real property taxation in tax year 2022 pursuant to § 58.1-3219.5 or 58.1-3219.9, Code of Virginia.C. For tax year 2025 and all subsequent tax years, the Commonwealth shall annually provide a supplemental payment to high exemption localities in an amount equal to 50 percent of the total real property exemption attributable to either § 58.1-3219.5 or 58.1-3219.9 multiplied by the effective real property tax rate for 2022 in such locality.D. All reimbursement payments shall be made each year by check issued as determined by the State Treasurer to the respective treasurer of the locality on warrant of the Comptroller.E. Notwithstanding the provisions of § 58.1-3, the Department of Taxation shall provide assistance to the commissioners of the revenue in administering the provisions of this section and provide such data and information as it has available that is needed for the commissioners of the revenue to comply with the provisions of this section. Such data and information shall be made available in a manner that will allow for compliance with the provisions of this section. The commissioners of the revenue shall timely provide to the Department or treasurer of the locality such data and information as may be required for the Department or treasurer to comply with the provisions of this section."
"A. Out of this appropriation $42,000,000 in the second year from the general fund is provided to implement a program of supplemental payments to high exemption localities for the disabled veteran tax relief program pursuant to Senate Bill 1312 of the 2025 Session.
B. A high exemption locality means any locality in which at least one percent of real property was determined to be exempt from real property taxation in tax year 2022 pursuant to § 58.1-3219.5 or 58.1-3219.9, Code of Virginia.
C. For tax year 2025 and all subsequent tax years, the Commonwealth shall annually provide a supplemental payment to high exemption localities in an amount equal to 50 percent of the total real property exemption attributable to either § 58.1-3219.5 or 58.1-3219.9 multiplied by the effective real property tax rate for 2022 in such locality.
D. All reimbursement payments shall be made each year by check issued as determined by the State Treasurer to the respective treasurer of the locality on warrant of the Comptroller.
E. Notwithstanding the provisions of § 58.1-3, the Department of Taxation shall provide assistance to the commissioners of the revenue in administering the provisions of this section and provide such data and information as it has available that is needed for the commissioners of the revenue to comply with the provisions of this section. Such data and information shall be made available in a manner that will allow for compliance with the provisions of this section. The commissioners of the revenue shall timely provide to the Department or treasurer of the locality such data and information as may be required for the Department or treasurer to comply with the provisions of this section."
Explanation
(This amendment provides $42.0 million GF the second year to reimburse localities for the real property tax exemption for disabled veterans. Eligible localities include localities where at least one percent of real property was determined to be exempt from taxation in tax year 2022.)