Entitlement to sales tax revenues from certain public facilities; authorized localities. (HB906)

Introduced By

Del. Cliff Hayes (D-Chesapeake) with support from co-patron Del. Sam Rasoul (D-Roanoke)

Progress

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

Description

Entitlement to sales tax revenues from certain public facilities; authorized localities and facilities; sunset. Adds the City of Chesapeake to the list of localities that are authorized to issue bonds for the construction of public facilities and retain sales and use tax revenue generated within such facilities to pay off such bonds. The bill adds outdoor amphitheater to the list of authorized public facilities and extends until July 1, 2024, the period of time during which authorized localities may issue bonds for the construction of public facilities and retain sales and use tax revenue generated within such facilities to pay off such bonds. Under current law, such authority expires on July 1, 2020. Read the Bill »

Status

02/11/2020: In Committee

History

DateAction
01/07/2020Committee
01/07/2020Prefiled and ordered printed; offered 01/08/20 20102949D
01/07/2020Referred to Committee on Finance
01/13/2020Impact statement from TAX (HB906)
01/29/2020Assigned Finance sub: Subcommittee #2
02/03/2020Subcommittee recommends reporting (5-Y 4-N)
02/05/2020Reported from Finance (14-Y 8-N) (see vote tally)
02/06/2020Read first time
02/07/2020Read second time and engrossed
02/10/2020Read third time and passed House (64-Y 32-N)
02/10/2020VOTE: Passage (64-Y 32-N) (see vote tally)
02/11/2020Constitutional reading dispensed
02/11/2020Referred to Committee on Finance and Appropriations

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 2 minutes.

Duplicate Bills

The following bills are identical to this one: SB163.

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