WatchGov

Virginia bills · 2026 Regular Session

Virginia HB 854

Real property tax; local classification or designation for property, nonprofit organizations.

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To Governor
  6. Became law

Sponsors

Summary

Official abstract published by the Virginia legislature· SUMMARY AS PASSED

Real property tax; local classification or designation for portion of property. Clarifies that, in accordance with the Constitution of Virginia and by adoption of a local ordinance, any locality may by designation or classification exempt from real or personal property taxes, or both, the real or personal property, or both, owned by an ownership entity of which a controlling interest of the managing member or general partner of such ownership entity is held, directly or indirectly, by one or more nonprofit organizations, notwithstanding any for-profit ownership interests, that is used for charitable or benevolent purposes. The bill requires such local ordinance to stipulate any suspension or termination of such exemption in such ordinance.The bill also provides that any rental income or other sources of income received from any portion of real property that is used for charitable or benevolent purposes in accordance with such constitutional designation or classification shall not be considered a source of revenue or profit for which tax shall be assessed. Finally, the bill provides that the purpose of the bill is to stimulate public purpose projects by clarifying that localities have such authority and provides that the provisions of the bill providing that any county, city, or town may exempt from real or personal property taxes, or both, any real or personal property owned by an ownership entity of which a controlling interest of the managing member or general partner of such ownership entity is held directly or indirectly by one or more nonprofit organizations, notwithstanding any for-profit ownership interests, that is used for charitable or benevolent purposes are declaratory of existing law.

Text versions

Roll-call votes

State vote data last updated Oct 15, 2026, 8:04 PM.

DateVoteResultYour legislators
Mar 6, 2026
House		H VOTE:passSet your home in Virginia to see
Mar 4, 2026
Senate		Passage RpassSet your home in Virginia to see
Mar 3, 2026
Senate		Constitutional reading dispensed (on 2nd reading)passSet your home in Virginia to see
Mar 3, 2026
Senate		Reported from Finance and Appropriations with substitutepassSet your home in Virginia to see
Feb 3, 2026
House		H VOTE:passSet your home in Virginia to see
Jan 28, 2026
House		Reported from Finance with substitutepassSet your home in Virginia to see
Jan 27, 2026
House		Subcommittee recommends reporting with substitutepassSet your home in Virginia to see
Jan 27, 2026
House		Subcommittee recommends reporting with substitutepassSet your home in Virginia to see

Actions