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2019 SESSION

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Senate Committee on Finance

Co-Chair: Thomas K. Norment, Jr. - Co-Chair: Emmett W. Hanger, Jr.

Clerk: John Garrett
Staff: Lisa Wallmeyer
Date of Meeting: February 6, 2019
Time and Place: 9:00 a.m. - Committee Room B, Pocahontas Bldg.

H.B. 1666

Patron: Kilgore

University of Virginia's College at Wise; reduced rate tuition. Permits the board of visitors of the University of Virginia to charge reduced rate tuition to any student enrolled at the University of Virginia's College at Wise who resides in the Appalachian Region as defined in relevant federal law, is domiciled in the Appalachian Region, and is entitled to in-state tuition charges at a public institution of higher education in the Appalachian Region. The bill contains an emergency clause.

EMERGENCY

H.B. 1731

Patron: Brewer

Local treasurers; recordkeeping. Replaces the term "well-bound book" with "record" relating to local treasurers' required method of recordkeeping and clarifies that warrants include all forms of legal demand instruments.

H.B. 1937

Patron: Krizek

Real property tax; exemptions for elderly and handicapped; computation of income limitation. Provides that, if a locality has established a real estate tax exemption for the elderly and handicapped and enacted an income limitation related to the exemption, the locality may exclude, for purposes of the limitation, any income received by a family member or nonrelative who lives in the dwelling and who is permanently and totally disabled.

H.B. 2003

Patron: Aird

Major business facility job tax credit; extension; access to information. Extends the sunset date of the major business facility job tax credit from January 1, 2020, to January 1, 2025. The bill also requires the Department of Taxation, for taxable years beginning on and after January 1, 2019, to publish the following information about companies that are using the credit: (i) locations of sites used for major business facilities for which a credit was claimed, (ii) North American Industry Classification System codes used for the major business facilities for which a credit was claimed, (iii) number of qualified full time employees for whom a credit was claimed, and (iv) total cost to the Commonwealth's general fund of the credits claimed.

H.B. 2060

Patron: Carr

Real estate with delinquent taxes or liens; appointment of special commissioner; increase required value. Increases the required assessed value of property for the purpose of a locality appointing a special commissioner to convey property with delinquent taxes or liens to the locality in lieu of sale at public auction (i) from $100,000 to $150,000 in Norfolk, Richmond, Hopewell, Newport News, Petersburg, Fredericksburg, and Hampton and (ii) from $50,000 to $75,000 in all other localities.

H.B. 2065

Patron: Carr

Telework expenses tax credit; expiration. Advances expiration of the telework expenses tax credit to January 1, 2019. Under current law, the tax credit will expire on January 1, 2022.

H.B. 2290

Patron: Leftwich

James Madison University; management agreement. Provides a management agreement between the Commonwealth and James Madison University pursuant to the Restructured Higher Education Financial and Administrative Operations Act (§ 23.1-1000 et seq.).

H.B. 2405

Patron: Adams, L.R.

Real estate with delinquent taxes or liens; appointment of special commissioner; City of Martinsville. Adds Martinsville to the list of cities with different requirements for the appointment of a special commissioner to execute the necessary deed to convey property with delinquent taxes or liens to the locality in lieu of a sale at public auction.