Tuesday, October 7, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB591: Tourism zones, local; increases number of years which tax incentives may be provided therein.
Be it enacted by the General Assembly of Virginia:
1. That § 58.1-3851 of the Code of Virginia is amended and reenacted as follows:
§ 58.1-3851. Creation of local tourism zones.
A. Any city, county, or town may establish, by ordinance, one or more tourism zones. Each locality may grant tax incentives and provide certain regulatory flexibility in a tourism zone.
B. The tax incentives may be provided for up to 10
20
years and may include, but not be limited to (i) reduction of
permit fees, (ii) reduction of user fees, and (iii) reduction of any type of
gross receipts tax. The extent and duration of such incentive proposals shall
conform to the requirements of the Constitutions of Virginia and of the United
States.
C. The governing body may also provide for regulatory flexibility in such zone that may include, but not be limited to (i) special zoning for the district, (ii) permit process reform, (iii) exemption from ordinances, excluding ordinances or provisions of ordinances adopted pursuant to the requirements of the Chesapeake Bay Preservation Act (§ 10.1-2100 et seq.), the Erosion and Sediment Control Law (§ 10.1-560 et seq.), or the Virginia Stormwater Management Act (§ 10.1-603.1 et seq.), and (iv) any other incentive adopted by ordinance, which shall be binding upon the locality for a period of up to 10 years.
D. The establishment of a tourism zone shall not preclude the area from also being designated as an enterprise zone.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.