Fort Monroe Authority; payments to the City of Hampton in lieu of real property taxes.
Provides that, for real estate leased by the Fort Monroe Authority (the Authority) to a private owner, such real estate shall be taxed by the City of Hampton as if it were privately owned and billed directly to the lessee. However, if the lease term is less than 20 years, Hampton shall bill the Authority. The bill provides that the Authority and its lessees may use existing procedures for contesting assessments and taxes. Current law provides that land owned by the Authority is subject to a fee in lieu of real property taxes, but is silent on the treatment of land leased by the Authority to a private party. The bill contains technical amendments. This bill is identical to
Virginia HB 1965 (2019) — Fort Monroe Authority; payments to the City of Hampton in lieu of real property taxes.
Provides that, for real estate leased by the Fort Monroe Authority (the Authority) to a private owner, such real estate shall be taxed by the City of Hampton as if it were privately owned and billed directly to the lessee. However, if the lease term is less than 20 years, Hampton shall bill the Authority. The bill provides that the Authority and its lessees may use existing procedures for contesting assessments and taxes. Current law provides that land owned by the Authority is subject to a fee in lieu of real property taxes, but is silent on the treatment of land leased by the Authority to a private party. The bill contains technical amendments. This bill is identical to
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Governor: Acts of Assembly Chapter text (CHAP0468) (committee substitute) — source
House subcommittee amendments and substitutes adopted (committee substitute) — source
House: Bill text as passed House and Senate (HB1965ER) (committee substitute) — source