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2012 SESSION
12101113DBe it enacted by the General Assembly of Virginia:
1. That § 15.2-1129.1 of the Code of Virginia is amended and reenacted as follows:
§ 15.2-1129.1. Creation of arts and cultural districts.
A. Any locality may by ordinance establish within its
boundaries an one or
more arts and cultural district districts for the purpose of
increasing awareness and support for the arts and culture in the locality. Each The locality
may provide incentives for the support and creation of arts and cultural venues
in the each
district. Each The locality
may also grant tax incentives and provide certain regulatory flexibility in an each
arts and cultural district.
B. The tax incentives for each district may be provided for up to 10 years and may include, but not be limited to: (i) reduction of permit fees; (ii) reduction of user fees; and (iii) reduction of any type of gross receipts tax. The extent and duration of such incentive proposals shall conform to the requirements of the Constitutions of Virginia and of the United States.
C. Each locality may also provide for regulatory flexibility
in such zone which each district that
may include, but not be limited to: (i) special zoning for the district; (ii)
permit process reform; (iii) exemption from ordinances; and (iv) any other
incentive adopted by ordinance, which shall be binding upon the locality for a
period of up to 10 years.