Virginia · 2025 Regular Session · Bill
SB 1312: Real property tax; high exemption locality reimbursements.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 1312 is a bill introduced in the Virginia Senate on January 9, 2025. According to its official title, it concerns: Real property tax; high exemption locality reimbursements. Primary sponsor: Jeremy McPike (Democratic). Most recent recorded action (January 23, 2025): Passed by indefinitely in Finance and Appropriations (7-Y 6-N).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jeremy McPike | Primary sponsor | Democratic | Senate | 29 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed by indefinitely in Finance and Appropriations (7-Y 6-N)
- Impact statement from TAX (SB1312)
- Referred to Committee on Finance and Appropriations
- Prefiled and ordered printed; Offered 01-08-2025 25102027D