Income tax, state; dedicates portion of car tax to localities. (HB306)

Introduced By

Del. Tom Rust (R-Herndon)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Car tax; dedicates a portion of income tax to localities. Repeals the car tax reimbursement program and replaces it by dedicating 17.5% of the state individual income tax collections to localities. The bill is effective January 1, 2009, but only if a constitutional amendment is ratified in November, 2008, exempting from taxation all motor vehicles used for nonbusiness purposes. Read the Bill »

Status

02/06/2006: Failed to Pass in Committee

History

DateAction
01/04/2006Prefiled and ordered printed; offered 01/11/06 064283492
01/04/2006Referred to Committee on Finance
01/18/2006Assigned to Finance sub-committee: #2 (Purkey)
01/25/2006Fiscal impact statement from TAX (HB306)
02/06/2006Continued to 2007 in Finance