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.

2009 SESSION

• history | hilite | pdf | print version

092028348
SENATE BILL NO. 1175 Offered January 14, 2009 Prefiled January 13, 2009 A BILL to amend the Code of Virginia by adding a section numbered 58.1-3403.1, relating to taxation of property owned by locality. ---------- Patron-- Watkins ---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 58.1-3403.1 as follows:

§ 58.1-3403.1.  Tax assessment on property owned by locality.

Notwithstanding the provisions of § 58.1-3400 or any law to the contrary, general or special, a service charge may be levied upon a county, city or town owning real or personal property within the boundaries of another locality.  The service charge shall be equal to the amount that would be assessed as taxes on real property as if such property were otherwise subject to tax valuation and assessment.  Such payments in lieu of taxes shall be due and shall bear interest, if unpaid, as in the cases of taxes on other property.  Payments in lieu of taxes made hereunder shall be treated in the same manner as taxes for purposes of all procedural substantive provisions of law.