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

DateAction
01/02/2019Committee
01/02/2019Prefiled and ordered printed; offered 01/09/19 19101266D
01/02/2019Referred to Committee on Counties, Cities and Towns
01/13/2019Impact statement from TAX (HB1838)
01/14/2019Assigned CC & T sub: Subcommittee #2
01/30/2019Subcommittee recommends reporting (7-Y 0-N)
02/01/2019Reported from Counties, Cities and Towns (21-Y 0-N) (see vote tally)
02/03/2019Read first time
02/04/2019Read second time and engrossed
02/05/2019Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/05/2019VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/06/2019Constitutional reading dispensed
02/06/2019Referred to Committee on Local Government
02/12/2019Rereferred from Local Government (12-Y 0-N) (see vote tally)
02/12/2019Rereferred to Finance
02/18/2019Reported from Finance (16-Y 0-N) (see vote tally)
02/19/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/20/2019Read third time
02/20/2019Passed Senate (40-Y 0-N) (see vote tally)
02/22/2019Enrolled
02/22/2019Bill text as passed House and Senate (HB1838ER)
02/22/2019Signed by Speaker
02/22/2019Signed by President
03/04/2019Enrolled Bill communicated to Governor on March 4, 2019
03/04/2019G Governor's Action Deadline Midnight, March 26, 2019
03/07/2019Impact statement from TAX (HB1838ER)
03/18/2019G Approved by Governor-Chapter 534 (effective 7/1/21)
03/18/2019G Acts of Assembly Chapter text (CHAP0534)

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