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2001 SESSION

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HB 1244 Local infrastructure fees.

Introduced by: Robert D. (Bobby) Orrock, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Local infrastructure fees. Allows the governing body of any city or county, by ordinance, and only after approval by voter referendum, to impose an infrastructure fee on residential transactions, in an amount equal to one third of the amount of the state recordation tax collectible for the Commonwealth, upon the recordation of each taxable instrument in such city or county. The infrastructure fee shall be payable only once for a single transfer. The infrastructure fees shall be used only for transportation and school construction projects identified in the locality’s capital improvements plan.

FULL TEXT

• 01/24/00  House: Presented & ordered printed 002887876  pdf

HISTORY

• 01/24/00  House: Presented & ordered printed 002887876
• 01/24/00  House: Referred to Committee on Finance
• 01/26/00  House: Assigned to Finance sub-committee: 1
• 02/06/00  House: Continued to 2001 in Finance (22-Y 1-N)
• 12/20/00  House: Tabled in Finance (20-Y 0-N)