HB 854 VA

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Became Law

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.

• Rae Cousins Democratic · primary

1. Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104985D · lower
2. Jan 13, 2026 Referred to Committee on Finance · lower
3. Jan 26, 2026 Fiscal Impact statement From TAX (1/26/2026 9:10 pm) · lower
4. Jan 27, 2026 House subcommittee offered · lower
5. Jan 27, 2026 Subcommittee recommends reporting with substitute (8-Y 1-N) · lower
6. Jan 27, 2026 Subcommittee recommends reporting with substitute (9-Y 0-N) · lower
7. Jan 28, 2026 Reported from Finance with substitute (22-Y 0-N) · lower
8. Jan 29, 2026 Committee substitute printed 26106097D-H1 · lower
9. Jan 30, 2026 Read first time · lower
10. Feb 2, 2026 Moved from Uncontested Calendar to Regular Calendar · lower
11. Feb 2, 2026 Read second time · lower
12. Feb 2, 2026 committee substitute agreed to · lower
13. Feb 2, 2026 Engrossed by House - committee substitute · lower
14. Feb 3, 2026 Read third time and passed House (97-Y 0-N 0-A) · lower
15. Feb 4, 2026 Constitutional reading dispensed (on 1st reading) · upper
16. Feb 4, 2026 Referred to Committee on Finance and Appropriations · upper
17. Feb 17, 2026 Fiscal Impact statement From TAX (2/17/2026 3:55 pm) · lower
18. Mar 3, 2026 Reported from Finance and Appropriations with substitute (15-Y 0-N) · upper
19. Mar 3, 2026 Rules suspended · upper
20. Mar 3, 2026 Constitutional reading dispensed (on 2nd reading) (40-Y 0-N 0-A) · upper
21. Mar 3, 2026 Passed by for the day (Voice Vote) · upper
22. Mar 4, 2026 Committee substitute printed 26108143D-S1 · upper
23. Mar 4, 2026 Read third time · upper
24. Mar 4, 2026 Finance and Appropriations Substitute agreed to · upper
25. Mar 4, 2026 Engrossed by Senate - committee substitute · upper
26. Mar 4, 2026 Passed Senate with substitute Block Vote (40-Y 0-N 0-A) · upper
27. Mar 6, 2026 Senate substitute agreed to by House (90-Y 5-N 0-A) · lower
28. Mar 13, 2026 Enrolled · lower
29. Mar 13, 2026 Bill text as passed House and Senate (HB854ER) · lower
30. Mar 13, 2026 Signed by Speaker · lower
31. Mar 13, 2026 Signed by President · upper
32. Mar 14, 2026 Enrolled Bill communicated to Governor on March 14, 2026 · lower
33. Mar 14, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
34. Mar 24, 2026 Fiscal Impact statement From TAX (3/24/2026 9:50 am) · lower
35. Apr 13, 2026 Approved by Governor-Chapter 683 (effective 7/1/2026) · executive
36. Apr 13, 2026 Acts of Assembly Chapter text (CHAP0683) · executive

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Chaptered · PDF
• Chaptered · HTML
• Enrolled · PDF
• Enrolled · HTML
• Finance and Appropriations Substitute · PDF
• Finance and Appropriations Substitute · HTML
• Finance Substitute · PDF
• Finance Substitute · HTML
• Finance Substitute · PDF
• Finance Substitute · HTML
• Subcommittee #2 Subcommittee Substitute · PDF
• Subcommittee #2 Subcommittee Substitute · HTML
• Introduced · PDF
• Introduced · HTML