Commercial and industrial property; additional real property tax in certain localities. (HB2575)

Introduced By

Del. Dave LaRock (R-Loudoun)

Progress

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

Description

Additional real property tax on commercial and industrial property in certain localities. Authorizes counties and cities in Planning District 3, 4, 5, 6, or 7 to impose an additional real estate tax on commercial and industrial property at a rate of up to $0.10 per $100 of assessed value. Any revenue raised from such tax would be required to be used to pay for transportation costs. Under current law, only localities within the Northern Virginia Transportation Authority or the Hampton Roads metropolitan planning area are authorized to impose such tax. The bill contains technical amendments. Amends § 58.1-3221.3, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2019Committee
01/09/2019Prefiled and ordered printed; offered 01/09/19 19102326D
01/09/2019Referred to Committee on Finance
01/18/2019Assigned Finance sub: Subcommittee #2
01/21/2019Impact statement from TAX (HB2575)
01/23/2019Subcommittee recommends laying on the table (8-Y 0-N)
02/05/2019Left in Finance

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