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2001 SESSION
(HB2663)GOVERNOR'S RECOMMENDATION
Line 12, enrolled, after property
strike
in any city having a population of no less than 19,500 and no greater than 21,500 as determined using the 1990 United States Census
Line 16, enrolled, after city
strike
having a population of no less than 19,500 and no greater than 21,500 as determined using the 1990 United States Census
insert
, county, or town
Line 23, enrolled
strike
lines 23 through 24
GOVERNOR'S VETO
Pursuant to Article V, §6, of the Constitution of Virginia, I veto House Bill 2663 because it establishes a fundamental change in the way property and improvements are taxed in only one locality of Virginia. While pilot programs are an efficient way to test the effectiveness of government programs, taxation of property does not present an appropriate policy of pilots. Should the new system prove to be ineffective or counterproductive or unfair, millions of dollars could have been invested in one locality based on a temporary tax incentive structure.
Tax policy should be stable and based upon thorough study. This tax policy needs further study and examination before being implemented in one locality of Virginia.
Therefore, I am returning House Bill 2663 without my signature.