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2020 SESSION

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SB 559 Entitlement to sales tax revenues from certain public facilities; authorized localities.

Introduced by: Lionell Spruill, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Entitlement to sales tax revenues from certain public facilities; authorized localities and facilities; sunset. Adds the City of Chesapeake to the list of localities that are authorized to issue bonds for the construction of public facilities and retain sales and use tax revenue generated within such facilities to pay off such bonds. The bill adds outdoor amphitheater to the list of authorized public facilities and extends until July 1, 2024, the period of time during which authorized localities may issue bonds for the construction of public facilities and retain sales and use tax revenue generated within such facilities to pay off such bonds. Under current law, such authority expires on July 1, 2020.

FULL TEXT

• 01/07/20  Senate: Prefiled and ordered printed; offered 01/08/20 20101315D  pdf | impact statement

HISTORY

• 01/07/20  Senate: Prefiled and ordered printed; offered 01/08/20 20101315D
• 01/07/20  Senate: Referred to Committee on Finance and Appropriations
• 01/08/20  Senate: Moved from Finance to Finance and Appropriations due to a change of the committee name
• 01/15/20  Senate: Stricken at request of Patron in Finance and Appropriations (16-Y 0-N)