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.

2004 SESSION

• | print version

SB 517 Transient occupancy tax; additional imposition in Rockbridge Co. & Lexington & Buena Vista Cities.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Transient occupancy tax; Rockbridge County and the Cities of Lexington and Buena Vista. Authorizes an additional two percent transient occupancy tax to be imposed by the governing bodies in the County of Rockbridge and the Cities of Lexington and Buena Vista. Revenues collected from the tax shall be appropriated for the payment of principal and interest on promissory notes executed by the Virginia Horse Center Foundation or the Virginia Equine Center Foundation prior to January 1, 2004, that were part of an agreement for the Rockbridge Industrial Development Authority to issue bonds on behalf of or for improvements at the Virginia Horse Center Foundation, Virginia Equine Center Foundation, or the Virginia Equine Center. The tax may no longer be imposed after the final payment of principal and interest on all such notes.

SUMMARY AS INTRODUCED:

Transient occupancy tax; Rockbridge County and the Cities of Lexington and Buena Vista. Authorizes an additional two percent transient occupancy tax in the County of Rockbridge and the Cities of Lexington and Buena Vista. The governing bodies of all three localities are authorized to impose the tax. Revenues collected from the tax shall be appropriated for the payment of principal and interest on promissory notes executed by the Virginia Horse Center Foundation or the Virginia Equine Center Foundation prior to January 1, 2004, that were part of an agreement for the Rockbridge Industrial Development Authority to issue bonds on behalf of or for improvements at the Virginia Horse Center Foundation, Virginia Equine Center Foundation, or the Virginia Equine Center. The tax may no longer be imposed after the final payment of principal and interest on all such notes.