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2005 SESSION

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HB 1811 Real estate tax; authorizing Prince William Co. to provide credit in overcrowded public school zone.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Prince William County; overcrowding in public schools; real estate tax credit.  Authorizes Prince William County to provide a credit against real estate taxes paid by the owner of a home in the attendance zone of a school that the school board has declared to be overcrowded. The credit is for qualifying educational expenses paid during the taxable year on behalf of each child of the taxpayer who (i) was eligible to be enrolled in a public school free of charge pursuant to § 22.1-3 that the school board determines to be overcrowded, (ii) qualifies as the taxpayer's dependent for federal income tax purposes, (iii) was a student at a qualified school in grades kindergarten through 12 during the taxable year, and (iv) does not attend a free public school during the semester or other portion of the school year for which such qualifying educational expenses were paid. The bill defines "qualified school" and "qualifying educational expenses". In order for a public school to be considered "overcrowded" the school board shall have determined that enrollment exceeded 110 percent of the capacity during the taxable year for which the taxpayer is applying for the credit.


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