SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2002 SESSION
HB 860 Local severance taxes; revenues used for construction, water systems.
Introduced by: Clarence E. Phillips | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Local severance taxes; additional one percent; revenues used for construction of water systems. Authorizes counties and cities to impose an additional local severance tax on persons engaging in the business of severing gases from the earth. A county or city may impose this additional tax at a rate not to exceed one percent of the gross receipts from the sale of gases severed within the county or city. The effective date of the bill is July 1, 2002, and the increase is applicable for license years beginning on or after January 1, 2002. The revenues from this increase shall be used for constructing new and improved water systems and lines in areas with natural water supplies that are insufficient in quality or quantity. This bill would increase the total license tax rate that counties and cities may currently levy on businesses severing gases from three percent to four percent.
FULL TEXT
HISTORY
- 01/09/02 House: Presented & ordered printed, prefiled 01/09/02 020080884
- 01/09/02 House: Referred to Committee on Finance
- 01/21/02 House: Assigned to Finance sub-committee: 1
- 01/28/02 House: Tabled in Finance (20-Y 1-N)