SB 649 VA

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Became Law

Real property tax; special assessment for land use; notice requirements; civil penalty. Establishes notice requirements for the sale of real estate that is valued, assessed, and taxed by a locality under a special assessment on the basis of use. The bill directs the Department of Taxation to create a written notice that may be provided to the purchaser of real estate in a land use program. The notice must include disclosures regarding the special classification of the real estate and liability for roll-back taxes if a change in use occurs. The bill also requires settlement agents to provide this written notice to purchasers of real estate in a land use program and to obtain the purchaser's written acknowledgement of receipt of the notice. The willful failure of a settlement agent to provide the notice and obtain the written acknowledgement will subject the settlement agent to a civil penalty in an amount not exceeding $250. The bill directs the Real Estate Board to include in the residential property disclosure statement on its website a statement that the owner makes no representations or warranties with respect to whether the property is located in a locality that has adopted a land-use plan that may provide use value assessment and taxation for certain real estate and that advises purchasers to exercise due diligence to determine whether the property may be subject to roll-back taxes and interest for taxation on the basis of a use assessment and the liability for additional taxes and penalties that may attach if a change in use occurs. Finally, the bill has a delayed effective date of January 1, 2027.

• Mark D. Obenshain Republican · primary

1. Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104707D · upper
2. Jan 14, 2026 Referred to Committee on Finance and Appropriations · upper
3. Jan 26, 2026 Fiscal Impact statement From TAX (1/26/2026 10:34 pm) · upper
4. Jan 27, 2026 Reported from Finance and Appropriations (14-Y 0-N) · upper
5. Jan 28, 2026 Rules suspended · upper
6. Jan 28, 2026 Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) · upper
7. Jan 28, 2026 Passed by for the day Block Vote (Voice Vote) · upper
8. Jan 28, 2026 Passed by for the day · upper
9. Jan 29, 2026 Read second time · upper
10. Jan 29, 2026 Floor offered Senator Obenshain Substitute · upper
11. Jan 29, 2026 Reading of substitute waived (Voice Vote) · upper
12. Jan 29, 2026 Senator Obenshain Substitute agreed to · upper
13. Jan 29, 2026 Engrossed by Senate Block Vote (Voice Vote) · upper
14. Jan 29, 2026 Engrossed by Senate - floor substitute · upper
15. Jan 30, 2026 Read third time and passed Senate (38-Y 0-N 0-A) · upper
16. Feb 4, 2026 Placed on Calendar · lower
17. Feb 4, 2026 Read first time · lower
18. Feb 4, 2026 Referred to Committee on Finance · lower
19. Feb 18, 2026 Fiscal Impact statement From TAX (2/18/2026 7:43 am) · upper
20. Feb 18, 2026 House committee offered · lower
21. Feb 18, 2026 Reported from Finance with amendment(s) (21-Y 0-N) · lower
22. Feb 20, 2026 Read second time · lower
23. Feb 23, 2026 Read third time · lower
24. Feb 23, 2026 committee amendment agreed to · lower
25. Feb 23, 2026 Engrossed by House as amended · lower
26. Feb 23, 2026 Passed House with amendment (97-Y 0-N 0-A) · lower
27. Feb 25, 2026 House amendment agreed to by Senate (40-Y 0-N 0-A) · upper
28. Feb 27, 2026 Enrolled · upper
29. Feb 27, 2026 Bill text as passed Senate and House (SB649ER) · upper
30. Feb 27, 2026 Signed by Speaker · lower
31. Feb 27, 2026 Signed by President · upper
32. Mar 10, 2026 Enrolled Bill communicated to Governor on March 10, 2026 · upper
33. Mar 10, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
34. Mar 23, 2026 Fiscal Impact statement From TAX (3/23/2026 10:20 am) · upper
35. Apr 6, 2026 Approved by Governor-Chapter 309 (effective 1/1/2027) · executive
36. Apr 6, 2026 Acts of Assembly Chapter text (CHAP0309) · 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
• House Amendment · HTML
• Finance Amendment · HTML
• Finance Amendment · HTML
• Senator Obenshain Substitute · PDF
• Senator Obenshain Substitute · HTML
• Introduced · PDF
• Introduced · HTML