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2002 SESSION

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SB 105 Personal property tax relief on passenger cars, motorcycles, etc.

Introduced by: Madison E. Marye | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Personal property tax relief on passenger cars, motorcycles and pickup or panel trucks. Sets personal property tax relief under the Personal Property Tax Relief Act of 1998 to 55 percent for calendar year 2002. The level of tax relief is set at 70 percent for calendar year 2003 and 100 percent for calendar year 2004 and thereafter, subject to the conditions described under 58.1-3524. The bill contains an emergency clause.


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