Virginians Will Vote on Three Constitutional Amendments This November
For Immediate Release: October 15, 2010
For More Information:
State Board of Elections
Office: (804) 786-0282
Mobile: (804) 641-9199
RICHMOND, VA— On November 2, 2010, Virginia voters will be asked to vote on three constitutional amendments. The topics cover property tax relief; property tax relief for veterans with a 100% service-connected disability; and increasing the size of the rainy day fund.
The first question asks if the Constitution of Virginia should be amended to authorize legislation that will permit localities to establish their own income or financial worth limitations for purposes of granting property tax relief for homeowners not less than 65 years of age or permanently and totally disabled.
The proposed amendment removes the requirement that tax exemptions are available only to such persons who bear “an extraordinary tax burden,” and gives the General Assembly authority to permit localities to determine their own income or financial worth limitations for tax exemptions for persons 65 years of age or older or for persons permanently and totally disabled.
The second question asks voters if the Constitution of Virginia should be amended to require the General Assembly to provide a real property tax exemption for the principal residence of a veteran, or his or her surviving spouse, if the veteran has a 100 percent service-connected, permanent and total disability.
The proposed amendment would require the General Assembly to pass a law exempting from local taxation the principal residence owned and occupied by any veteran with a 100 percent service-connected permanent and total disability. The veteran’s surviving spouse could continue to claim the exemption so long as she or he does not remarry and continues to occupy the home as his or her principal residence.
The third question asks voters if the Constitution should be amended to increase the permissible size of the Revenue Stabilization Fund (also known as the Rainy Day Fund) from 10 percent to 15 percent of the Commonwealth’s average annual tax revenues derived from income and retail sales taxes for the preceding three fiscal years.
The proposed constitutional amendment increases the maximum size of the Fund from 10 percent to 15 percent of the Commonwealth’s average annual tax revenues from income and sales taxes for the preceding three fiscal years.
Additional information about these three Constitutional amendments is available on the State Board of Election’s website at www.sbe.virginia.gov. The agency has distributed to all local general registrars brochures explaining the amendments.
“It is important for voters to have an opportunity to read before the election what constitutional amendments are being considered,” said Secretary Nancy Rodrigues.
Constitutional amendments have not appeared on the ballot since 2006. Since then, more than 451,000 Virginians have been added to the rolls, and the State Board of Elections wants to make sure these individuals as well as all voters are familiar with the proposed language.