Car tax relief reimbursements; income tax sharing w/localities for transp. & educa. in lieu thereof. (HB1709)
Introduced By
Del. Scott Lingamfelter (R-Woodbridge)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/15/2006 | Committee |
12/15/2006 | Prefiled and ordered printed; offered 01/10/07 071906380 |
12/15/2006 | Referred to Committee on Appropriations |
01/21/2007 | Impact statement from TAX (HB1709) |