Local Revenue
| Bills | Committee | Last action | Date |
| HB 10 - Cole - BPOL tax; maximum fee and tax rates established by a locality. | (H) Committee on Finance (S) Committee on Finance | (S) Continued to 2013 in Finance (11-Y 2-N) | 02/29/12 |
| notes:
SUMMARY AS PASSED HOUSE: BPOL tax; maximum fee and tax rates established. Prohibits a locality from increasing its local license (BPOL) fees or taxes above the rates of its BPOL fees and taxes imposed for the 2011 license year. The prohibition on increasing BPOL fees and taxes expires beginning with the 2015 license year. The bill also authorizes a locality to impose the BPOL tax on (i) gross receipts or (ii) the Virginia taxable income of a corporation, the net income of a sole proprietorship, and the net income of a pass-through entity. |
|||
| HB 41 - Tata - Personal property tax; situs of certain motor vehicles. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0651) | 04/06/12 |
| notes:
SUMMARY AS INTRODUCED: Personal property tax; situs of certain motor vehicles. Provides that when a motor vehicle is normally garaged in a location different from the domicile of the owner of the vehicle due to its use by a student attending an institution of higher education, then the situs is the owner's domicile. Under current law, the situs of such vehicle is the owner's domicile only if the student is the owner. |
|||
| HB 80 - Orrock - Real property tax; assessment of wetlands. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0742) | 04/18/12 |
| notes:
SUMMARY AS INTRODUCED: Real property tax; assessment of wetlands. Requires the local assessing official to separately assess the fair market value of wetlands on real property, if requested by the property owner. |
|||
| HB 81 - Orrock - Real property tax; prior use of any property shall not be considered in land use valuation. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0653) | 04/06/12 |
| notes:
SUMMARY AS INTRODUCED: Real property tax; land use valuation. Provides that prior use of any property shall not be considered in determining its current use for land use valuation purposes. The bill contains technical amendments. |
|||
| HB 82 - Orrock - Real property tax; roll-back taxes shall not apply to property that loses its designation, etc. | (H) Committee on Finance | (H) Continued to 2013 in Finance | 01/30/12 |
| notes:
SUMMARY AS INTRODUCED: Real property tax; land use valuation. Provides that roll-back taxes shall not apply to real property that loses its designation as devoted to agricultural or horticultural use because of excavation of sand or gravel on it, provided that such property returns to agricultural or horticultural use within two years after commencement of the extraction. |
|||
| HB 103 - Loupassi - Consumer utility tax; exemption for public utilities, etc. on natural gas used to make electricity. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0004) | 02/14/12 |
| notes:
SUMMARY AS PASSED HOUSE: Consumer utility tax; electric utilities. Exempts public utilities and electric cooperatives from the local consumer utility tax on natural gas service provided to operate a natural gas fueled electricity generation facility. |
|||
| HB 117 - Wilt - Taxes, local; interest on refunds and delinquent taxes. | (H) Committee on Finance (S) Committee on Finance | (H) Failed to pass in House | 03/10/12 |
| notes:
SUMMARY AS INTRODUCED: Local taxes; interest on refunds and delinquent taxes. Authorizes localities not to pay interest on the refund of local taxes when the refund is due to errors made by the taxpayer. This bill has technical amendments. |
|||
| HB 185 - Gilbert - Criminal cases; fines collected upon conviction shall be credited to Literary Fund. | (H) Committee on Counties, Cities and Towns (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0749) | 04/18/12 |
| notes:
SUMMARY AS PASSED: Manner of enforcement of state criminal offenses. Provides that when a law-enforcement officer of the Department of State Police or any other division of the state government makes an arrest or issues a summons for a violation of a provision of the Code of Virginia, the person arrested or summoned must be charged with a violation of that Code provision and not with a substantially similar local ordinance. All fines and forfeitures collected upon conviction are to be credited to the Literary Fund. |
|||
| HB 190 - O'Bannon - Real estate tax; exemption for disabled veterans. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0594) | 04/04/12 |
| notes:
SUMMARY AS PASSED HOUSE: Real property tax exemption for disabled veterans. Provides that the role of the Commissioner of the Department of Veterans Services in the implementation of the real property tax exemption for disabled veterans shall be to promulgate rules and regulations, provide assistance to disabled veterans in obtaining the exemption, and in appealing adverse rulings. The bill declares that an emergency exists and is in force from its passage. |
|||
| HB 207 - Miller - Retail Sales and Use Tax; exemption includes gold, silver, and platinum bullion. | (H) Committee on Finance (S) Committee on Finance | (S) Continued to 2013 in Finance (11-Y 2-N) | 02/28/12 |
| notes:
SUMMARY AS INTRODUCED: Sales and use tax exemption; gold, silver, and platinum bullion. Exempts from sales and use tax gold, silver, or platinum bullion whose sales price exceeds $1,000. The bill has a sunset date of June 30, 2015. |
|||
| HB 211 - Miller - Forward energy pricing; authorizes any public body to use mechanisms for budget risk reduction. | (H) Committee on General Laws (S) Committee on General Laws and Technology | (G) Acts of Assembly Chapter text (CHAP0359) | 03/23/12 |
| notes:
SUMMARY AS PASSED HOUSE: Procurement; forward energy pricing. Authorizes, subject to available appropriation, any public body to use forward pricing mechanisms for budget risk reduction. Forward pricing mechanisms are contracts or financial instruments that obligate the public body to buy or sell a specified quantity of energy at a future date at a set price or provide the option to buy or sell the contract or financial instrument. Forward pricing mechanism transactions may be made only if (i) the quantity of energy affected by the mechanism does not exceed the estimated energy use for the public body for the same period, (ii) the period of the mechanism does not exceed 48 months, (iii) a separate account is established for operational energy for the public body, (iv) the public body develops written policies and procedures, and (v) the public body establishes an oversight process. |
|||
| HB 216 - Comstock - Retail Sales and Use Tax; exemption includes certain computer equipment and enabling software. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0655) | 04/06/12 |
| notes:
SUMMARY AS INTRODUCED: Sales and use tax exemption; certain computer equipment and enabling software. Expands the sales and use tax exemption for the purchase or lease of computer equipment or enabling software by data centers by extending it to tenants of the centers, and by including jobs created not only by the data center operator but also by the tenants of the data center in collectively meeting the level of new jobs required for eligibility for the exemption. This bill is identical to SB 112. |
|||
| HB 230 - Cosgrove - Alcoholic beverage control; suspension of license for local tax delinquency. | (H) Committee on General Laws | (H) Continued to 2013 in General Laws | 02/07/12 |
| notes:
SUMMARY AS INTRODUCED: Alcoholic beverage control; suspension of license for local tax delinquency. Provides that upon receipt by the ABC Board of a notice certified by the treasurer, commissioner of the revenue, or finance director of any locality that a licensee of the ABC Board is delinquent in the payment of any taxes, penalties, or interest lawfully imposed by the locality, and who does not have presently pending a bona fide application or appeal with respect to such taxes, penalties, or interest, the ABC Board shall suspend the license until such taxes, penalties, or interest are paid in full. |
|||
| HB 298 - Scott, E.T. - Machinery and tools tax; classifies car washing businesses as separate class of property. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0267) | 03/20/12 |
| notes:
SUMMARY AS INTRODUCED: Machinery and tools tax; car washing businesses. Classifies machinery and tools used to clean motor vehicles by a motor vehicle cleaning business as a separate class of property for tax rate purposes. |
|||
| HB 299 - Scott, E.T. - Retail Sales and Use Tax; extends sunset date for exemption of certain educational materials. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0411) | 03/30/12 |
| notes:
SUMMARY AS PASSED HOUSE: Sales and use tax exemption; certain educational materials. Extends the sunset date from July 1, 2012, to July 1, 2017, on the sales and use tax exemption for textbooks and other educational materials withdrawn from inventory at book-publishing distribution facilities for free distribution to professors and other individuals who have an educational focus. This bill is identical to SB 37. |
|||
| HB 408 - Watts - Real property tax; exemption for elderly and disabled. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0299) | 03/21/12 |
| notes:
SUMMARY AS INTRODUCED: Real property tax exemption for the elderly and disabled. Provides more flexibility to localities in determining the income and financial worth of the elderly and disabled, for those localities that choose to have caps on income and financial worth in establishing eligibility for the real property tax exemption. |
|||
| HB 455 - Ware, R.L. - Wireless E-911 Fund; distribution of funds on monthly basis to public safety answering point. | (H) Committee on Finance (S) Committee on Commerce and Labor | (G) Acts of Assembly Chapter text (CHAP0025) | 02/28/12 |
| notes:
SUMMARY AS PASSED HOUSE: Wireless E-911 Fund; distribution. Transfers the administration of the distribution of the Wireless E-911 Fund revenues for public safety answering point operators (PSAPs) to the Department of Taxation. The bill also bases the distribution percentages on the average pro rata distribution for fiscal years 2007-2012, taking into account funding adjustments for overpayments and underpayments. The measure directs that the distribution percentage be recalculated every five years based on cost and call load data of the PSAP, which data shall continue to be received by the E-911 Services Board and then reported to the Department of Taxation. This bill is identical to SB 495. |
|||
| HB 509 - Garrett - Recordation tax; clarifies tax for deeds of trust is based on value of security interest. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0505) | 04/04/12 |
| notes:
SUMMARY AS INTRODUCED: Recordation tax. Clarifies that the recordation tax for deeds of trust is based on the value of the security interest created by the deed of trust, not just on the amount of the obligations described in the deed of trust. Therefore, the amount subject to tax does not include any amount that is unsecured because the value of the property conveyed by the deed of trust is inadequate to secure the full amount of obligations described in the deed of trust. |
|||
| HB 513 - Purkey - Retail Sales and Use Tax; extends sunset dates for limited exemption periods for certain products. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0597) | 04/04/12 |
| notes:
SUMMARY AS INTRODUCED: Sales and use tax exemptions; extension of sunset dates. Extends the sunset dates for the limited sales and use tax exemption periods for hurricane preparedness equipment and for certain energy efficient products from July 1, 2012, to July 1, 2017. |
|||
| HB 702 - Filler-Corn - Health insurance; credits provided for retired school division employees. | (H) Committee on Appropriations | (H) Left in Appropriations | 02/20/12 |
| notes:
SUMMARY AS INTRODUCED: Health insurance credit for retired school division employees. Provides that the health insurance credit currently being provided to retired teachers would also be provided to all retired employees of the local school division at the option of the local school division and as a cost borne by the local government. |
|||
| HB 743 - Fariss - Farm utility vehicles; tax exemption. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0272) | 03/20/12 |
| notes:
SUMMARY AS PASSED HOUSE: Personal property tax; farm vehicles. Allows a county, city, or town to exempt, partially exempt, or set a lower tax rate for, motor vehicles used exclusively for farming. |
|||
| HB 777 - Landes - Evaluate Tax Preferences, Joint Subcommittee to; established, report. | (H) Committee on Rules (S) Committee on Rules | (G) Acts of Assembly Chapter text (CHAP0777) | 04/18/12 |
| notes:
SUMMARY AS PASSED HOUSE: Joint Subcommittee to Evaluate Tax Preferences. Establishes the Joint Subcommittee to Evaluate Tax Preferences. The Joint Subcommittee is charged with overseeing the evaluation of Virginia's tax preferences. The joint subcommittee would consist of 14 legislative members: two members of the House Committee on Appropriations; six members of the House Committee on Finance; and six members of the Senate Committee on Finance. Members of the joint subcommittee will be appointed by the Speaker of the House of Delegates and the Senate Committee on Rules, respectively, upon the recommendation of the House and Senate Committee chairmen. |
|||
| HB 787 - Lopez - Retail Sales and Use Tax; exemption on renewable energy equipment. | (H) Committee on Finance | (H) Continued to 2013 in Finance | 02/06/12 |
| notes:
SUMMARY AS INTRODUCED: Sales and use tax exemption; renewable energy equipment. Provides refunds of sales and use tax paid on the purchase of certain renewable energy equipment. |
|||
| HB 832 - Carr - Retail Sales and Use Tax; distribution of revenue to localities based on school-age population. | (H) Committee on Appropriations | (H) Continued to 2013 in Appropriations | 02/08/12 |
| notes:
SUMMARY AS INTRODUCED: Distribution of sales tax revenue to localities based on school-age population. Permits local school divisions that make the determination that the annual estimate of school-age population within the division provided by the Weldon Cooper Center for Public Service of the University of Virginia is substantially inaccurate, to present evidence of such inaccuracy to the Superintendent of Public Instruction and have the Superintendent correct the estimate if is in agreement with the local school division. |
|||
| HB 848 - Johnson - Methamphetamine lab cleanup costs; localities may charge for reimbursement. | (H) Committee on Counties, Cities and Towns (S) Committee on Local Government | (G) Acts of Assembly Chapter text (CHAP0517) | 04/04/12 |
| notes:
SUMMARY AS INTRODUCED: Methamphetamine lab clean-up costs; reimbursement of localities. Allows localities to provide by ordinance that any person who is convicted of an offense for manufacture of methamphetamine shall be liable to the locality for the locality%92s expense in cleaning up any methamphetamine lab. |
|||
| HB 878 - Sickles - Motor vehicles, certain; raises amount localities may charge for an annual license tax upon owners. | (H) Committee on Counties, Cities and Towns (S) Committee on Local Government | (S) Senate sustained Governor's veto | 04/18/12 |
| notes:
SUMMARY AS PASSED HOUSE: License taxes on certain motor vehicles. Allows localities to impose a license tax, not to exceed $250 annually, upon resident owners of motor vehicles that do not display license plates issued by the Commonwealth and that are not exempted from the requirements of displaying such license plates. |
|||
| HB 922 - Lingamfelter - Real estate tax; exemption for disabled veterans. | (H) Committee for Courts of Justice (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0075) | 03/06/12 |
| notes:
SUMMARY AS INTRODUCED: Real property tax exemption for disabled veterans. Provides that the tax exemption for the primary residence of a disabled veteran, a disabled veteran and his spouse, or a surviving spouse of a disabled veteran includes real property (i) held in a revocable inter vivos trust over which the veteran, the veteran and his spouse, or the surviving spouse hold the power of revocation; (ii) held in an irrevocable trust under which a veteran alone or in conjunction with his spouse possesses a life estate or an estate for joint lives, or enjoys a continuing right of use or support; or (iii) held by a veteran alone or in conjunction with his spouse as tenant or tenants for life or joint lives. The bill also provides that the exemption for the surviving spouse of a disabled veteran includes property held in any of these ways. Finally, the bill establishes a formula for pro rating the amount of the exemption in the event there are owners in addition to the disabled veteran. This bill is identical to SB 540. |
|||
| HB 933 - Lingamfelter - Real estate tax; exemption for disabled veterans. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0782) | 04/18/12 |
| notes:
SUMMARY AS INTRODUCED: Real property tax; exemption for disabled veterans. Provides that the real property tax exemption for disabled veterans for property acquired after January 1, 2011, begins on the date of acquisition and that the previous owner of the property is entitled to a pro rata refund of any taxes paid for any period of the tax year coming after the date of acquisition. The bill also provides that a veteran or spouse otherwise qualified for the exemption does not lose the exemption solely because of extended stays at hospitals, nursing homes, or other convalescent facilities as long as the real property is not leased to another person. This bill is identical to SB 22. |
|||
| HB 995 - Ransone - Forestry, Department of; limits payments from timber sales to localities. | (H) Committee on Agriculture, Chesapeake and Natural Resources (S) Committee on Agriculture, Conservation and Natural Resources | (G) Acts of Assembly Chapter text (CHAP0248) | 03/13/12 |
| notes:
SUMMARY AS PASSED HOUSE: Payments from timber sales. Limits the payment made to localities by the Department of Forestry to one-fourth of the gross proceeds derived solely from the sale of timber harvested on state forest lands; however, the counties of Appomattox, Buckingham, and Cumberland will receive one-eighth of the gross proceeds from the timber sales on state forest lands located in their county. Currently, localities receive one-fourth of the gross proceeds from revenue generated by any revenue-generating activity occurring on state forest lands. This bill is identical to SB 428. |
|||
| HB 1073 - Hugo - Residential rental properties; appeal of real property assessments, fair market value. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0536) | 04/04/12 |
| notes:
SUMMARY AS PASSED HOUSE: Real property tax; valuation of residential rental apartments. Requires that, in any appeal to a board of equalization concerning the fair market value of residential apartments in excess of four units, the board use the income approach to valuation, unless certain specified exceptions exist. Criteria to be used in making this determination include actual gross income generated, losses due to vacancies, collection losses, and rent concessions, as well as actual operating expenses and expenditures. The bill is in force from its passage, and is effective for tax years beginning on or after January 1, 2012. The bill is identical to SB 73. |
|||
| HB 1081 - Hugo - Cigarettes; repeals statute authorizing localities in administering and enforcing local taxes. | (H) Committee on Finance | (H) Continued to 2013 in Finance | 02/06/12 |
| notes:
SUMMARY AS INTRODUCED: Local taxes on cigarettes; administration and enforcement. Repeals the statute authorizing localities to utilize specific methods in administering and enforcing local taxes on cigarettes. |
|||
| HB 1128 - Johnson - Real property tax; attorney to request commissioner of revenue to correct assessment of property. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0627) | 04/05/12 |
| notes:
SUMMARY AS PASSED HOUSE: Delinquent real property taxes. Modifies procedures governing delinquent real property taxes by (i) requiring the attorney for a locality who handles delinquent real property taxes to request the commissioner of the revenue to correct land records that incorrectly report property as having delinquent taxes, and requiring the attorney, if necessary to petition the court to make such correction; (ii) requiring the owner of real property to pay all delinquent town taxes, in addition to paying delinquent county taxes under current law, in order to stop a judicial sale of the property; and (iii) conditioning a court's referral of a judicial sale to a commissioner of chancery for a ruling prior to sale, upon a proper objection having been made by an interested party. |
|||
| SB 22 - Stuart - Real estate tax; exemption for disabled veterans. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0806) | 04/18/12 |
| notes:
SUMMARY AS PASSED SENATE: Real property tax; exemption for disabled veterans. Provides that the real property tax exemption for veterans whose disability rating occurs after January 1, 2011, begins on the date of the rating. The bill also clarifies that a locality is not liable for interest or penalties on any refund due to the veteran for taxes paid prior to the filing of the affidavit or written statement concerning the veteran's disability. |
|||
| SB 32 - Locke - Assessments for local improvements, special; adds City of Hampton to localities that may impose. | (H) Committee on Counties, Cities and Towns (S) Committee on Local Government | (G) Acts of Assembly Chapter text (CHAP0186) | 03/08/12 |
| notes:
SUMMARY AS PASSED SENATE: Special assessments for local improvements; City of Hampton. Adds the City of Hampton to the lists of localities that may impose special assessments upon abutting property owners for improvements related to the initial paving of streets, flood prevention, and the undergrounding of utilities. This bill is identical to HB 203. |
|||
| SB 37 - Reeves - Retail Sales and Use Tax; extends sunset provision for certain educational materials. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0275) | 03/20/12 |
| notes:
SUMMARY AS PASSED SENATE: Sales and use tax exemption; certain educational materials. Extends the sunset date from July 1, 2012, to July 1, 2017, on the sales and use tax exemption for textbooks and other educational materials withdrawn from inventory at book-publishing distribution facilities for free distribution to professors and other individuals who have an educational focus. This bill is identical to HB 299. |
|||
| SB 40 - Reeves - Retail Sales and Use Tax; exemption on certain tangible personal property. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0276) | 03/20/12 |
| notes:
SUMMARY AS PASSED SENATE: Sales and use tax; public transportation companies. Clarifies that the sales and use tax is not applicable to any company that is owned, operated, or controlled by any county, city, or town and provides public transportation services. This bill is identical to HB 959. |
|||
| SB 67 - Stanley - Concealed handgun permit applications; removes option for locality to require fingerprints. | (H) Committee on Militia, Police and Public Safety (S) Committee for Courts of Justice | (G) Acts of Assembly Chapter text (CHAP0557) | 04/04/12 |
| notes:
SUMMARY AS PASSED SENATE: Concealed handgun permit applications; fingerprints. Removes the option for a locality to require that an applicant for a concealed handgun permit submit fingerprints as part of the application. This bill incorporates SB 670 and is identical to HB 754. |
|||
| SB 70 - Stanley - Retail Sales and Use Tax; two-year sales tax moratorium for construction materials & supplies. | (S) Committee on Finance | (S) Continued to 2013 in Finance (14-Y 0-N) | 02/01/12 |
| notes:
SUMMARY AS INTRODUCED: Sales tax exemption; construction materials. Establishes a two-year sales tax moratorium for construction materials and supplies purchased by licensed contractors. |
|||
| SB 73 - Watkins - Residential rental apartments; appeal of real property assessments, fair market value. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0707) | 04/09/12 |
| notes:
SUMMARY AS PASSED: Real property tax; valuation of residential rental apartments. Requires that, in any appeal to a board of equalization concerning the fair market value of residential apartments in excess of four units, the board use the income approach to valuation, unless certain specified exceptions exist. Criteria to be used in making this determination include actual gross income generated, losses due to vacancies, collection losses, and rent concessions, as well as actual operating expenses and expenditures. The bill contains an emergency clause, and is effective for tax years beginning on or after January 1, 2012. The bill is identical to HB 1073. |
|||
| SB 103 - Edwards - Transient occupancy tax; authorizes Roanoke County to impose. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0340) | 03/22/12 |
| notes:
SUMMARY AS INTRODUCED: Transient occupancy tax; Roanoke County. Authorizes Roanoke County to impose a transient occupancy tax at a rate not to exceed seven percent. Under its charter, Roanoke County currently is authorized to impose a transient occupancy tax at a rate not to exceed five percent. The additional revenues generated shall be used solely for advertising the Roanoke metropolitan area as an overnight tourist destination by members of the Roanoke Valley Convention and Visitors Bureau. |
|||
| SB 112 - McDougle - Retail Sales and Use Tax; exemption includes certain computer equipment and enabling software. | (H) Committee on Finance (S) Committee on Finance | (G) Acts of Assembly Chapter text (CHAP0613) | 04/04/12 |
| notes:
SUMMARY AS PASSED SENATE: Sales and use tax exemption; certain computer equipment and enabling software. Expands the sales and use tax exemption for the purchase or lease of computer equipment or enabling software by data centers by extending it to tenants of the centers, and by including jobs created not only by the data center operator but also by the tenants of the data center in collectively meeting the level of new jobs required for eligibility for the exemption. This bill incorporates SB 232. This bill is identical to HB 216. |
|||
| SB 298 - Howell - Virginia Retirement System; fiscal impact analysis of employer contribution rates. | (H) Committee on Appropriations (S) Committee on Finance | (H) Left in Appropriations | 03/10/12 |
| notes:
SUMMARY AS INTRODUCED: Virginia Retirement System; fiscal impact analysis of employer contribution rates. Requires the Board of the Virginia Retirement System to conduct a fiscal impact analysis whenever the appropriation for employer contribution rates included in the budget bill submitted by the Governor to the General Assembly is less than the Board-certified contribution rate, or when either house of the General Assembly adopts an amendment to the budget appropriating less than the Board-certified contribution rate. |
|||
| SB 306 - Blevins - Tax increment financing; blighted areas. | (S) Committee on Finance | (S) Passed by indefinitely in Finance (14-Y 0-N) | 01/25/12 |
| notes:
SUMMARY AS INTRODUCED: Tax increment financing; blighted areas. Specifies that only a blighted area may be designated as a development project area for purposes of tax increment financing. |
|||
| SB 632 - Watkins - Wireless E-911 Fund; distribution of funds. | (H) Committee on Commerce and Labor (S) Committee on Commerce and Labor | (G) Acts of Assembly Chapter text (CHAP0672) | 04/06/12 |
| notes:
SUMMARY AS INTRODUCED: Wireless E-911 Fund; distribution of funds. Requires CMRS providers to submit requests for payment from the Wireless E-911 Fund no later than four months after the end of the fiscal year in which the costs were incurred. If the Fund is not sufficient to pay for all of the costs, the unpaid costs may not be carried over for repayment to a future year. The bill also provides that any funds remaining in the Fund at the end of a fiscal year may be designated for a reserve fund. |
|||
| SJ 45 - Miller, J.C. - Property owners, low-income; JLARC to study real property tax relief. | (S) Committee on Rules | (S) Continued to 2013 in Rules | 02/10/12 |
| notes:
SUMMARY AS INTRODUCED: Study; JLARC; property tax relief for low-income property owners; report. Requires the Joint Legislative Audit and Review Commission to study issues relating to property tax relief for low-income property owners. |
|||
| SJ 48 - Barker - Virginia Retirement System; JLARC to study system for determining eligibility for disability claims. | (S) Committee on Rules | (S) Continued to 2013 in Rules | 02/10/12 |
| notes:
SUMMARY AS INTRODUCED: Study; JLARC; determination eligibility for disability claims under the Virginia Retirement System; report. Directs the Joint Legislative Audit and Review Commission (JLARC) to study the system for determining eligibility for disability claims under the Virginia Sickness and Disability Program administered by the Virginia Retirement System. In conducting the study, JLARC shall (i) examine and compare the system operating when determinations of eligibility were made by Virginia physicians and health care professionals to the current system where the determinations are made by a contractor, (ii) review the differences in the rates of approval and denial under the two systems, and (iii) review and compare the rate of appeals under the two systems and the decisions of hearing officers regarding such appeals. |
|||
| SJ 57 - Locke - Property owners, low-income; JLARC to study real property tax relief. | (S) Committee on Rules | (S) Continued to 2013 in Rules | 02/10/12 |
| notes:
SUMMARY AS INTRODUCED: Study; JLARC; property tax relief for low-income property owners; report. Requires the Joint Legislative Audit and Review Commission to study issues relating to property tax relief for low-income property owners. |
|||
Giesen Perspective View the Giesen Perspective with links to previous editions. Latest: March 27, 2012
Legislative Links
Our Mission:
Through an understanding of our clients' needs and the environment of their business, provide high quality, high value support and assistance that enhances their success.