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2015 SESSION

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HB 1589 Personal property; tax relief on certain motor vehicles leased by members of the military.

Introduced by: K. Rob Krupicka | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Personal property tax relief; certain motor vehicles. Requires each locality receiving personal property tax reimbursement from the Commonwealth to ensure that the reimbursement covers all of the tax attributable to the first $20,000 of value on each qualifying vehicle leased by an active duty member of the United States military, his spouse, or both, pursuant to a contract requiring the active duty member to pay the tangible personal property tax on such vehicle, if the vehicle would not be taxed in Virginia if it were owned.


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