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.

2005 SESSION

• | print version

HB 2702 Income tax, state; distribution of individual revenues to localities.

Introduced by: Mark D. Sickles | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; distribution of revenues to localities.  Requires the transfer of one percent of individual income tax revenues to localities in 2005, and the amount increases one percent each year until it reaches a maximum of five percent for 2009 and thereafter. The revenues are distributed to counties and cities as follows: (i) 50 percent based on the relative share of the total state income tax paid by taxpayers filing returns in each locality, (ii) 40 percent based on where wages are earned, and (iii) 10 percent divided equally among all counties and cities.

FULL TEXT

• 01/12/05  House: Prefiled & ordered printed; offered 01/12/05 057292510  pdf | impact statement

HISTORY

• 01/12/05  House: Prefiled & ordered printed; offered 01/12/05 057292510
• 01/12/05  House: Referred to Committee on Appropriations
• 01/18/05  House: Assigned to App. sub-committee: Budget Review
• 02/08/05  House: Left in Appropriations