Retail Sales and Use Tax; development of regional impact. (SB1289)

Introduced By

Sen. Bill Carrico (R-Grayson)

Progress

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

Description

Entitlement to sales and use tax revenues; development of regional impact. Adds the County of Washington as a locality entitled to retain certain sales and use taxes generated on the premises of a development of regional impact located in the County, to pay bonds issued for the development. The bill also eliminates the requirement that the locality have an unemployment rate at least three percentage points higher than the statewide average. Amends § 58.1-608.3, of the Code of Virginia. Read the Bill »

Status

01/23/2013: Failed to Pass in Committee

History

DateAction
01/15/2013Presented and ordered printed 13103606D
01/15/2013Referred to Committee on Finance
01/20/2013Impact statement from TAX (SB1289)
01/23/2013Passed by indefinitely in Finance (14-Y 0-N) (see vote tally)

Map

This bill mentions Suffolk City, Virginia Beach, Portsmouth City, Norfolk City, Hampton City, Newport News City, Roanoke City, Salem City, Lynchburg City, Richmond City, Staunton City.

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 40 seconds.