Bill > HB2302

This bill amends Virginia's property tax code to expand the property tax exemption for religious buildings by specifically including properties where a church or religious building is being replaced or rebuilt. The bill allows for tax-exempt status during the reconstruction process, provided the property owner meets several specific requirements. These requirements include demonstrating that the property was previously tax-exempt, commencing construction within five years of discontinuing the former use, using the property solely for construction, maintaining a reasonable construction timeline, and ensuring that the completed structure will be exclusively used for religious worship or as a minister's residence. The expanded exemption aims to provide religious organizations more flexibility when rebuilding or replacing their worship spaces, ensuring they do not face financial penalties during the reconstruction process. The bill will apply to tax years beginning on or after January 1, 2023, giving religious organizations a clear timeline for how and when they can take advantage of this new provision in the tax code.

Budget and Finance

https://lis.virginia.gov/bill-details/20251/HB2302