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2019 SESSION
HB 1838 Virginia Regional Industrial Facilities Act; revenue sharing, composite index.
Introduced by: Daniel W. Marshall, III | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Regional Industrial Facilities Act; revenue sharing; composite index. Requires the Department of Taxation's calculation of true values as applied to the Commonwealth's composite index of local ability-to-pay to take into account an arrangement by localities entered into pursuant to the Virginia Regional Industrial Facilities Act whereby a portion of tax revenue is initially paid to one locality and redistributed to another locality. The bill requires such calculation to properly apportion the percentage of tax revenue ultimately received by each locality. The bill has a delayed effective date of July 1, 2021.
FULL TEXT
- 01/02/19 House: Prefiled and ordered printed; offered 01/09/19 19101266D pdf | impact statement
- 02/22/19 House: Bill text as passed House and Senate (HB1838ER) pdf | impact statement
- 03/18/19 Governor: Acts of Assembly Chapter text (CHAP0534) pdf
HISTORY
- 01/02/19 House: Prefiled and ordered printed; offered 01/09/19 19101266D
- 01/02/19 House: Referred to Committee on Counties, Cities and Towns
- 01/14/19 House: Assigned CC & T sub: Subcommittee #2
- 01/30/19 House: Subcommittee recommends reporting (7-Y 0-N)
- 02/01/19 House: Reported from Counties, Cities and Towns (21-Y 0-N)
- 02/03/19 House: Read first time
- 02/04/19 House: Read second time and engrossed
- 02/05/19 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/05/19 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/06/19 Senate: Constitutional reading dispensed
- 02/06/19 Senate: Referred to Committee on Local Government
- 02/12/19 Senate: Rereferred from Local Government (12-Y 0-N)
- 02/12/19 Senate: Rereferred to Finance
- 02/18/19 Senate: Reported from Finance (16-Y 0-N)
- 02/19/19 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/20/19 Senate: Read third time
- 02/20/19 Senate: Passed Senate (40-Y 0-N)
- 02/22/19 House: Enrolled
- 02/22/19 House: Bill text as passed House and Senate (HB1838ER)
- 02/22/19 House: Signed by Speaker
- 02/22/19 Senate: Signed by President
- 03/04/19 House: Enrolled Bill communicated to Governor on March 4, 2019
- 03/04/19 Governor: Governor's Action Deadline Midnight, March 26, 2019
- 03/18/19 Governor: Approved by Governor-Chapter 534 (effective 7/1/21)
- 03/18/19 Governor: Acts of Assembly Chapter text (CHAP0534)