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2003 SESSION

• | print version

HB 2250 Local piggyback income tax.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Local piggyback income tax. Allows localities to impose a local income tax at a rate of either one-half or 1 percent upon the Virginia taxable income of individuals, trusts, estates, and corporations. The Tax Commissioner collects the tax and returns it to localities based on taxpayers' residences. The provisions of the act will take effect January 1, 2005, if a constitutional amendment eliminating the property tax on motor vehicles is approved in a referendum to be held during the general election in November 2004.

FULL TEXT

• 01/08/03  House: Presented & ordered printed, prefiled 01/08/03 034113980  pdf | impact statement

HISTORY

• 01/08/03  House: Presented & ordered printed, prefiled 01/08/03 034113980
• 01/08/03  House: Referred to Committee on Finance
• 01/29/03  House: Passed by in Finance with letter (22-Y 0-N)