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2018 SESSION

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HB 1092 Dredging projects; tax increment, financing.

Introduced by: M. Keith Hodges | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Tax increment financing; dredging projects. Specifies that dredging projects are development projects eligible for tax increment financing. A dredging project by or for the Virginia Port Authority is not eligible for such financing unless the Authority has an agreement with a local governing body for local financial participation in the project.

SUMMARY AS PASSED HOUSE:

Tax increment financing; dredging projects. Specifies that dredging projects, other than projects of the Virginia Port Authority, are development projects eligible for tax increment financing.

SUMMARY AS INTRODUCED:

Tax increment financing; dredging projects. Specifies that dredging projects are development projects eligible for tax increment financing.