Northern Virginia Transportation Authority Sales and Use Tax Fund; created. (SB1335)

Introduced By

Sen. Chuck Colgan (D-Manassas)

Description

Supplemental transportation funding for Northern Virginia. Authorizes the governing body of each of the Counties of Arlington, Fairfax, Loudoun, and Prince William and the Cities of Alexandria, Fairfax, Falls Church, Manassas, and Manassas Park to impose a retail sales and use tax at the rate of 0.50 percent. No county or city would be able to impose the tax unless at least six of the nine counties and cities adopt a local ordinance to impose the tax on or before November 15, 2007. If at least six of the nine counties and cities adopt the local ordinance by such date, then in any of the remaining nine localities that have not adopted the local ordinance by March 1, 2008, there would be imposed a state retail sales and use tax at the rate of 0.50 percent. All revenues from the state and local 0.50 percent sales tax would be distributed to the Northern Virginia Transportation Authority (the Authority). The Authority would be prohibited from using any revenues received from the state sales tax to pay debt service on or other costs related to any bonds of the Authority. Read the Bill »

Outcome

History