Tracking Virginia’s General Assembly
since 2007.
HB1709: Car tax relief reimbursements; income tax sharing w/localities for transp. & educa. in lieu thereof.
Chief Patron
Del.
Scott Lingamfelter (R-31)
Scott Lingamfelter
(R-31)
Woodbridge, VA
Served: 2002–
Progress
| Introduced | |
| Passed Committee | |
| Passed House | |
| Passed Senate | |
| Signed by Governor | |
| Became Law |
Status
Bill is Dead
Summary
Income tax sharing with localities in lieu of car tax relief reimbursements; for transportation and education. Appropriates an amount equal to 0.75% of the taxable individual income to every county and city whose personal property tax rate on motor vehicles is no greater than $0.01 per $100 of assessed value, based on each county's and city's share of total Virginia taxable income. Localities shall appropriate one-half of any such funds for secondary road maintenance and the remaining one-half for education. View Full Text »

