SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

1996 SESSION

  • | print version

HB 772 Local taxes; third party tax payment agreements.

Introduced by: Shirley F. Cooper | all patrons    ...    notes | add to my profiles

SUMMARY:

Local taxes; third-party tax payment agreements. Allows the treasurer of any county, city or town to enter into agreements with one or more third parties authorizing the third parties to offer to taxpayers within such jurisdictions third-party tax payment agreements. The agreements may provide for an origination fee not exceeding 10 percent of the loan amount, and interest not exceeding 16 percent per annum (which may not be charged in the first six months). If the taxpayer fails to reimburse the third party once the agreement is made, the third party may request payment of the balance due the locality if the third-party has made good-faith efforts to collect the obligations from the taxpayer. Entry into such an agreement authorizes the treasurer to provide taxpayer tax information to the third party.


FULL TEXT

AMENDMENTS

HISTORY