SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2002 SESSION

  • | print version

SB 170 Sales & use tax exemption; addit. in No. Va. to fund transportation.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Sales and use taxes; statewide and regional taxes to fund public education and transportation. Provides for three referendum questions to be voted on at the November 5, 2002 election, each question being mutually exclusive and asking the sense of the voter on additional sales and use taxes. The additional sales and use taxes become effective if the referendum question on the additional tax is affirmed by the voters. One question asks the voters of the Eighth Planning District if there should be an additional one-half of one-percent sales and use tax in the counties and cities of such district with the revenues from the tax to be used for regional transportation projects and programs in Northern Virginia. A second question asks the voters in several counties and cities of the Hampton Roads Planning District if there should be an additional one-percent sales and use tax in such counties and cities with the revenues from the tax to be used for regional transportation projects and programs in Hampton Roads. Both referendum questions are contingent upon approval by a majority of persons voting in a joint referendum of all the cities and counties in the Eighth Planning District and several of the cities and counties in the Hampton Roads Planning District, respectively. The last referendum question asks all persons in the Commonwealth voting on November 5, 2002, if there should be an additional one-half of one-percent sales and use tax in all jurisdictions in the Commonwealth with the revenues to be used for expenses incurred in the operation of public schools and capital projects for public schools. The additional sales and use taxes associated with each referendum question would become effective July 1, 2003.

SUMMARY AS INTRODUCED:

Sales and use taxes; additional tax in Eighth Planning District to fund transportation projects and additional statewide tax to fund public education. Increases the state sales and use tax by one-half percent in all cities and counties within the Eighth Planning District. The revenues from such increase shall be deposited into the Northern Virginia Transportation District Fund to fund transportation projects in the Eighth Planning District. The bill also increases the maximum principal amount of transportation revenue bonds that may be issued for the Northern Virginia Transportation District Program from $471.2 million to $2,696,200,000, specifies additional transportation projects to be funded by such bonds, and authorizes the Commonwealth Transportation Board to designate additional transportation projects to be paid for from the Northern Virginia Transportation District Fund under certain conditions. The bill repeals the right of certain localities to impose a local income tax. The additional tax in the Eighth Planning District has a delayed effective date of July 1, 2003, and is contingent upon approval by a majority of persons voting in a joint referendum on November 5, 2002, of all the cities and counties in the Eighth Planning District.

The bill also provides for an additional statewide one-half percent sales and use tax. Revenues attributable to this increase would be distributed to counties and cities based on the number of children in each county and city according to the most recent statewide census of school population. This statewide increase also has a delayed effective date of July 1, 2003, and is contingent upon approval by a majority of the persons voting in the Commonwealth in a referendum on November 5, 2002. This would increase the sales and use tax from four and one-half percent to five percent throughout the Commonwealth.