Commercial real estate tax; used for local projects and construct new roads. (HB1839)

Introduced By

Del. Dave Albo (R-Springfield)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Commercial real estate tax in Northern Virginia. Provides that half of the current special tax on commercial real property in Northern Virginia be used for local projects pursuant to existing law, and half be used to construct new roads or construct new transit, provided that the projects are approved by the most recent long-range plan of the Northern Virginia Transportation Authority. The bill accomplishes this by halving the rate of the special tax under current law (from $0.25 to $0.125) and providing for an additional tax for the new construction of roads and transit at the same rate Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2009Committee
01/12/2009Prefiled and ordered printed; offered 01/14/09 096628404
01/12/2009Referred to Committee on Finance
01/16/2009Assigned Finance sub: 2
01/16/2009Impact statement from TAX (HB1839)
01/28/2009Subcommittee recommends laying on the table by voice vote
02/10/2009Left in Finance