HB 1358 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. This bill is identical to SB 649.

• Chris S. Runion Republican · primary

1. Jan 19, 2026 Presented and ordered printed 26105572D · lower
2. Jan 19, 2026 Referred to Committee on Finance · lower
3. Jan 31, 2026 Fiscal Impact statement From TAX (1/31/2026 7:06 pm) · lower
4. Feb 3, 2026 Assigned HFIN sub: Subcommittee #2 · lower
5. Feb 3, 2026 House subcommittee offered · lower
6. Feb 3, 2026 Subcommittee recommends reporting with substitute (10-Y 0-N) · lower
7. Feb 4, 2026 Reported from Finance with substitute (22-Y 0-N) · lower
8. Feb 4, 2026 Committee substitute printed 26106641D-H1 · lower
9. Feb 6, 2026 Read first time · lower
10. Feb 9, 2026 Read second time · lower
11. Feb 9, 2026 committee substitute agreed to · lower
12. Feb 9, 2026 Engrossed by House - committee substitute · lower
13. Feb 10, 2026 Read third time and passed House (98-Y 0-N 0-A) · lower
14. Feb 11, 2026 Constitutional reading dispensed (on 1st reading) · upper
15. Feb 11, 2026 Referred to Committee on Finance and Appropriations · upper
16. Feb 18, 2026 Fiscal Impact statement From TAX (2/18/2026 6:29 pm) · lower
17. Feb 25, 2026 Reported from Finance and Appropriations (14-Y 0-N) · upper
18. Feb 26, 2026 Rules suspended · upper
19. Feb 26, 2026 Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A) · upper
20. Feb 26, 2026 Passed by for the day Block Vote (Voice Vote) · upper
21. Feb 27, 2026 Read third time · upper
22. Feb 27, 2026 Passed Senate (37-Y 0-N 0-A) · upper
23. Mar 4, 2026 Enrolled · lower
24. Mar 4, 2026 Bill text as passed House and Senate (HB1358ER) · lower
25. Mar 4, 2026 Signed by Speaker · lower
26. Mar 4, 2026 Signed by President · upper
27. Mar 10, 2026 Enrolled Bill communicated to Governor on March 10, 2026 · lower
28. Mar 10, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
29. Mar 12, 2026 Fiscal Impact statement From TAX (3/12/2026 9:03 am) · lower
30. Apr 6, 2026 Approved by Governor-Chapter 308 (effective 7/1/2026) · executive
31. Apr 6, 2026 Acts of Assembly Chapter text (CHAP0308) · 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 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