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2000 SESSION

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005805816
HOUSE BILL NO. 1027 Offered January 24, 2000 A BILL to amend the Code of Virginia by adding a section numbered 58.1-3902.1, relating to the use of professional accounting firms to perform local audits. ---------- Patron-- Drake ---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 58.1-3902.1 as follows:

§ 58.1-3902.1. Use of professional accounting firms for performing audits of local taxes.

The commissioner of the revenue may employ the services of professional accounting firms to assist with the audit of any local taxes. Such services shall be performed upon such terms as agreed to by the local assessing officer and the professional performing the service, provided such services shall not be performed on a contingency fee basis.