Personal Property Tax Relief Fund; created, change in reimbursements for certain vehicles, report. (HB140)
Introduced By
Del. Mark Cole (R-Fredericksburg) with support from co-patrons Del. Ben Cline (R-Amherst), Del. Michele McQuigg (R-Occoquan), Del. John O'Bannon (R-Richmond), and Del. Lee Ware (R-Powhatan)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Personal Property Tax Relief. Reinstates the Personal Property Tax Relief Act of 1998 at 100% reimbursement for qualifying vehicles effective January 1, 2007. Amends § 30-133 (“Duties and powers generally.”), § 58.1-3506 (“Other classifications of tangible personal property for taxation.”), § 58.1-3506.1 (“Other classification for taxation of certain tangible personal property owned by certain elderly and handicapped persons.”), § 58.1-3523 (“Definitions.”), § 58.1-3524 (“Tangible personal property tax relief; local tax rates on vehicles qualifying for tangible personal property tax relief.”), § 58.1-3912 (“Treasurers to mail certain bills to taxpayers; penalties; electronic transmission.”), of the Code of Virginia. View Full Text »
