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1999 SESSION

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HB 2134 Income tax sharing for local infrastructure.

Introduced by: Joe T. May | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax sharing for local infrastructure. Provides that the Commonwealth shall return to cities and counties five percent of the income taxes collected from the residents of each city or county and 50 percent of the growth in income tax collections for each city or county. The amounts returned shall be expended within five years for school construction costs and transportation needs of the cities and counties.

FULL TEXT

• 01/20/99  House: Presented & ordered printed 992618340  pdf

HISTORY

• 01/20/99  House: Presented & ordered printed 992618340
• 01/20/99  House: Referred to Committee on Finance
• 01/25/99  House: Assigned to Finance sub-committee: 1
• 02/05/99  House: Passed by in Finance (24-Y 0-N)
• 02/05/99  House: Letter to Moss Comm. on Future of VA Cities (HJR 432)