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1996 SESSION

967212466
HOUSE BILL NO. 782
House Amendments in [ ] -- February 12, 1996
A BILL to amend and reenact § [ § 58.1-3007 and ] 58.1-3012 of the Code of Virginia, relating to changes in local tax rates.
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Patron-- Tate
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Referred to Committee on Finance
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Be it enacted by the General Assembly of Virginia:

1. That § [ § 58.1-3007 and ] 58.1-3012 of the Code of Virginia is amended and reenacted as follows:

[ § 58.1-3007. Notice prior to increase or decrease of local tax levy; hearing.

Before any local tax levy shall be increased or decreased in any county, city, town, or district, such proposed increase or decrease shall be published in a newspaper having general circulation in the locality affected at least seven days before the increased or decreased levy is made and the citizens of the locality shall be given an opportunity to appear before, and be heard by, the local governing body on the subject of such increase or decrease. ]

§ 58.1-3012. Counties, cities and towns may change rate of tax during calendar year.

Notwithstanding any other provision of law, special or general, to the contrary, The governing body of any county, city or town which levies taxes on real estate, tangible personal property and machinery and tools on a calendar-year basis is authorized and empowered to change the rate of its tax on real estate, tangible personal property and machinery and tools during any calendar year, provided such change is made prior to the date on which the personal property and land books are delivered to the treasurer of the applicable county, city or town.