---
type: "Bill"
title: "Real estate tax; exemption for property in redevelopment or conservation areas."
description: "Real estate tax exemption for property in redevelopment or conservation areas or rehabilitation districts. Increases the maximum duration of a local real estate tax exemption for structures in redevelopment or conservation areas or rehabilitation districts from 15 to 30 years. This bill is identical to HB 537."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2020"
identifier: "SB 727"
citation: "Virginia SB 727 (2020)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Jennifer L. McClellan"]
version_count: 3
action_count: 22
vote_count: 5
first_action: "2020-01-07"
last_action: "2020-03-02"
source: "openstates"
source_identifier: "ocd-bill/eedf617f-57ed-4843-82db-49b950b4ced2"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB727"
source_hash: "bc8b35bec3fdf5f5c9abc5a313996c15fda073e34479addc171ab8aaeb5ab067"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia SB 727 (2020) — Real estate tax; exemption for property in redevelopment or conservation areas.

Real estate tax exemption for property in redevelopment or conservation areas or rehabilitation districts. Increases the maximum duration of a local real estate tax exemption for structures in redevelopment or conservation areas or rehabilitation districts from 15 to 30 years. This bill is identical to HB 537.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Acts of Assembly Chapter text (CHAP0066)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP0066)
2. **Bill text as passed Senate and House (SB727ER)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB727ER)
3. **Impact statement from TAX (SB727)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB727)

## Votes

- VOTE: Passage (53-Y 44-N) — **52–44** (pass) · lower
- Reported from Finance and Appropriations (16-Y 0-N) — **16–0** (pass) · upper
- Reported from Finance (12-Y 9-N) — **12–9** (pass) · lower
- Read third time and passed Senate (39-Y 0-N) — **39–0** (pass) · upper
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper

## Sponsors

- Jennifer L. McClellan — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-01-07** Prefiled and ordered printed; offered 01/08/20 20102179D `introduction`
- **2020-01-07** Referred to Committee on Finance and Appropriations `referral-committee`
- **2020-01-15** Impact statement from TAX (SB727)
- **2020-01-21** Reported from Finance and Appropriations (16-Y 0-N) `committee-passage`
- **2020-01-22** Constitutional reading dispensed (40-Y 0-N)
- **2020-01-23** Read second time and engrossed `reading-2`
- **2020-01-24** Read third time and passed Senate (39-Y 0-N) `passage, reading-3`
- **2020-02-12** Placed on Calendar
- **2020-02-12** Read first time `reading-1`
- **2020-02-12** Referred to Committee on Finance `referral-committee`
- **2020-02-12** Reported from Finance (12-Y 9-N) `committee-passage`
- **2020-02-14** Read second time `reading-2`
- **2020-02-17** Read third time `reading-3`
- **2020-02-17** Passed House (53-Y 44-N) `passage`
- **2020-02-17** VOTE: Passage (53-Y 44-N)
- **2020-02-19** Enrolled
- **2020-02-19** Signed by Speaker
- **2020-02-20** Signed by President
- **2020-02-21** Impact statement from TAX (SB727ER)
- **2020-02-24** Enrolled Bill Communicated to Governor on February 24, 2020
- **2020-02-24** Governor's Action Deadline 11:59 p.m., March 2, 2020
- **2020-03-02** Approved by Governor-Chapter 66 (effective 7/1/20) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/eedf617f-57ed-4843-82db-49b950b4ced2`. Confidence: reported (aggregated from official Virginia legislature records).