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

DateAction
12/15/2006Committee
12/15/2006Prefiled and ordered printed; offered 01/10/07 071906380
12/15/2006Referred to Committee on Appropriations
01/21/2007Impact statement from TAX (HB1709)