Virginia Regional Industrial Facilities Act; revenue sharing, composite index. (HB1838)
Introduced By
Del. Danny Marshall (R-Danville)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Regional Industrial Facilities Act; revenue sharing; composite index. Requires the Department of Taxation's calculation of true values as applied to the Commonwealth's composite index of local ability-to-pay to take into account an arrangement by localities entered into pursuant to the Virginia Regional Industrial Facilities Act whereby a portion of tax revenue is initially paid to one locality and redistributed to another locality. The bill requires such calculation to properly apportion the percentage of tax revenue ultimately received by each locality. The bill has a delayed effective date of July 1, 2021. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/02/2019 | Committee |
01/02/2019 | Prefiled and ordered printed; offered 01/09/19 19101266D |
01/02/2019 | Referred to Committee on Counties, Cities and Towns |
01/13/2019 | Impact statement from TAX (HB1838) |
01/14/2019 | Assigned CC & T sub: Subcommittee #2 |
01/30/2019 | Subcommittee recommends reporting (7-Y 0-N) |
02/01/2019 | Reported from Counties, Cities and Towns (21-Y 0-N) (see vote tally) |
02/03/2019 | Read first time |
02/04/2019 | Read second time and engrossed |
02/05/2019 | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
02/05/2019 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
02/06/2019 | Constitutional reading dispensed |
02/06/2019 | Referred to Committee on Local Government |
02/12/2019 | Rereferred from Local Government (12-Y 0-N) (see vote tally) |
02/12/2019 | Rereferred to Finance |
02/18/2019 | Reported from Finance (16-Y 0-N) (see vote tally) |
02/19/2019 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/20/2019 | Read third time |
02/20/2019 | Passed Senate (40-Y 0-N) (see vote tally) |
02/22/2019 | Enrolled |
02/22/2019 | Bill text as passed House and Senate (HB1838ER) |
02/22/2019 | Signed by Speaker |
02/22/2019 | Signed by President |
03/04/2019 | Enrolled Bill communicated to Governor on March 4, 2019 |
03/04/2019 | G Governor's Action Deadline Midnight, March 26, 2019 |
03/07/2019 | Impact statement from TAX (HB1838ER) |
03/18/2019 | G Approved by Governor-Chapter 534 (effective 7/1/21) |
03/18/2019 | G Acts of Assembly Chapter text (CHAP0534) |