Bill Sponsor
Virginia Senate Bill 14
Session 2024
Sales and use tax, local; additional tax authorized in counties & cities to support schools.
Active
Active
Vetoed by Governor on Apr 8, 2024
First Action
Nov 25, 2023
Latest Action
Apr 17, 2024
Origin Chamber
Senate
Type
Bill
Bill Number
14
State
Virginia
Session
2024
Sponsorship by Party
Summary
Additional local sales and use tax to supportschools; referendum. Authorizes all counties and cities to impose an additional local sales and use tax at a rate not to exceed onepercent with the revenue used only for capital projects for the constructionor renovation of schools if such levy is approved in a voter referendum.Under current law, only Charlotte, Gloucester, Halifax, Henry, Mecklenburg,Northampton, Patrick, and Pittsylvania Counties and the City of Danvilleare authorized to impose such a tax. Additional local sales and use tax to support schools; referendum. Authorizes all counties and cities to impose an additional local sales and use tax at a rate not to exceed one percent with the revenue used only for capital projects for the construction or renovation of schools if such levy is approved in a voter referendum. The bill removes the requirement that such a tax must have an expiration date on either (i) the date of the repayment of any bonds or loans used for such capital projects or (ii) a date chosen by the governing body. Under current law, only Charlotte, Gloucester, Halifax, Henry, Mecklenburg, Northampton, Patrick, and Pittsylvania Counties and the City of Danville are authorized to impose such a tax. This bill is identical to HB 805. Additional local sales and use tax to support schools; referendum. Authorizes all counties and cities to impose an additional local sales and use tax at a rate not to exceed one percent with the revenue used only for capital projects for the construction or renovation of schools if such levy is approved in a voter referendum. Under current law, only Charlotte, Gloucester, Halifax, Henry, Mecklenburg, Northampton, Patrick, and Pittsylvania Counties and the City of Danville are authorized to impose such a tax.
Sources
Record Created
Nov 29, 2023 7:20:45 PM
Record Updated
Apr 24, 2024 12:11:53 AM