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2006 SESSION

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HB 1235 Retail sales and use tax; revenue from certain public facilities in City of Norfolk.

Introduced by: Kenneth R. Melvin | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Sales and use tax revenue in certain public facilities in the City of Norfolk; dedication of revenue.  Adds the City of Norfolk to the list of cities permitted to retain the sales and use tax revenue generated in certain public facilities for which Norfolk issues bonds. The retention of the tax revenue expires when the bonds are retired.  The bill also provides that public facilities shall not include residential condominiums, townhomes, or residential units.


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