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2004 SESSION
HB 1287 Personal Property Tax Relief Act of 1998; prerequisites to increases on qualifying vehicles.
Introduced by: James M. Shuler | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Car tax relief; prerequisites to increases. Establishes the following two additional prerequisites to increasing the percentage of the reimbursable amount for each qualifying vehicle under the Personal Property Tax Relief Act of 1998: (i) funding the Commonwealth's portion of the Standards of Quality for public education in an amount equivalent to at least 55 percent of the total statewide associated costs, and such total statewide associated costs shall include, but not be limited to, the prevailing costs of the prevailing practices as determined pursuant to §§ 22.1-18.01 and 22.1-253.13:1; and (ii) funding higher education in the Commonwealth according to the funding guidelines established by the Joint Subcommittee on Higher Education Funding Policies pursuant to Item 1 E of Chapter 1073 of the Acts of Assembly of 2000.
FULL TEXT
HISTORY
- 01/19/04 House: Presented & ordered printed 042522508
- 01/19/04 House: Referred to Committee on Finance
- 01/20/04 House: Assigned to Finance sub-committee: 1
- 02/11/04 House: Passed by indefinitely in Finance (16-Y 3-N)