---
type: "Bill"
title: "Omitted taxes; installment agreements."
description: "Omitted taxes; installment agreements. Allows the governing body of a locality to allow its treasurer or other collecting official to enter into an installment agreement lasting up to 72 months for payment of taxes by a taxpayer who has been assessed with omitted taxes."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2024"
identifier: "HB 1503"
citation: "Virginia HB 1503 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Michael J. Jones"]
version_count: 3
action_count: 23
vote_count: 6
first_action: "2024-01-19"
last_action: "2024-04-04"
source: "openstates"
source_identifier: "ocd-bill/82e97a66-8bc7-4e5d-9068-5b9564e3ed2a"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB1503"
source_hash: "06d8263a660abd5d1e36e2f771b783f9a1c7862e4e66ef3b3cac809978d98e5d"
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 HB 1503 (2024) — Omitted taxes; installment agreements.

Omitted taxes; installment agreements. Allows the governing body of a locality to allow its treasurer or other collecting official to enter into an installment agreement lasting up to 72 months for payment of taxes by a taxpayer who has been assessed with omitted taxes.

## Version chain

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

1. **CHAP0488** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0488)
2. **HB1503ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1503ER)
3. **Presented and ordered printed 24105798D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1503)

## Votes

- Reported from Finance (22-Y 0-N) — **22–0** (pass) · lower
- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
- VOTE: Passage (99-Y 0-N) — **98–0** (pass) · lower
- Passed Senate (39-Y 0-N) — **39–0** (pass) · upper
- Reported from Finance and Appropriations (15-Y 0-N) — **15–0** (pass) · upper
- Subcommittee recommends reporting (8-Y 0-N) — **8–0** (pass) · lower

## Sponsors

- Michael J. Jones — primary (person)
- Debra D. Gardner — cosponsor (person)
- Kelly K. Convirs-Fowler — cosponsor (person)
- Marty Martinez — cosponsor (person)
- Nadarius E. Clark — cosponsor (person)

## Timeline

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

- **2024-01-19** Presented and ordered printed 24105798D `introduction`
- **2024-01-19** Referred to Committee on Finance `referral-committee`
- **2024-01-25** Assigned Finance sub: Subcommittee #2 `referral-committee`
- **2024-01-27** Impact statement from TAX (HB1503)
- **2024-01-30** Subcommittee recommends reporting (8-Y 0-N)
- **2024-01-31** Reported from Finance (22-Y 0-N) `committee-passage`
- **2024-02-02** Read first time `reading-1`
- **2024-02-05** Read second time and engrossed `reading-2`
- **2024-02-06** Read third time and passed House (99-Y 0-N) `passage, reading-3`
- **2024-02-06** VOTE: Passage (99-Y 0-N) `passage`
- **2024-02-07** Constitutional reading dispensed
- **2024-02-07** Referred to Committee on Finance and Appropriations `referral-committee`
- **2024-02-27** Constitutional reading dispensed (39-Y 0-N)
- **2024-02-27** Reported from Finance and Appropriations (15-Y 0-N) `committee-passage`
- **2024-02-28** Read third time `reading-3`
- **2024-02-28** Passed Senate (39-Y 0-N) `passage`
- **2024-03-05** Enrolled `enrolled`
- **2024-03-05** Bill text as passed House and Senate (HB1503ER) `passage`
- **2024-03-11** Enrolled Bill communicated to Governor on March 11, 2024 `enrolled, executive-receipt`
- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
- **2024-03-14** Impact statement from TAX (HB1503ER)
- **2024-04-04** Approved by Governor-Chapter 488 (effective 7/1/24) `executive-signature`
- **2024-04-04** Acts of Assembly Chapter text (CHAP0488)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/82e97a66-8bc7-4e5d-9068-5b9564e3ed2a`. Confidence: reported (aggregated from official Virginia legislature records).