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2022 SESSION

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Senate Committee on Finance and Appropriations

Chair: Janet D. Howell

Clerk: Michael Jackson,Thomas Jackson
Staff: Connor Garstka
Date of Meeting: January 19, 2022
Time and Place: 9 AM - Shared Committee Room B / Pocahontas Building
https://virginia-senate.granicus.com/ViewPublisher.php?view_id=3

S.B. 25

Patron: Ruff

Local cigarette tax; unsold inventory. Requires any locality that increases its cigarette tax rate to allow, for one calendar year after the increase, a person with unsold inventory to pay the tax increase on the unsold inventory by filing a return, rather than requiring the use of a stamp or meter impression. The bill imposes a duty on regional cigarette tax boards to effectuate the policy.

A BILL to amend and reenact §§ 58.1-3830 and 58.1-3832.1 of the Code of Virginia, relating to local cigarette tax; unsold inventory.

22101773D

S.B. 37

Patron: Norment

Sales tax; additional local tax for schools. Adds Isle of Wight County to the list of localities that, under current law, are authorized to impose an extra one percent local sales tax. Revenue from the tax may be used only for constructing or renovating schools.

A BILL to amend and reenact §§ 58.1-602 and 58.1-605 of the Code of Virginia, relating to sales tax; additional local tax for schools.

22100585D

S.B. 77

Patron: Norment

Real property tax; assessment cycles. Authorizes counties to conduct a general reassessment of real estate every three years if determined by majority vote of a county's board of supervisors. Current law requires counties to conduct a general reassessment every four years, with exceptions authorized for specified counties.

A BILL to amend and reenact § 58.1-3252 of the Code of Virginia, relating to real property tax; assessment cycles.

22102631D

S.B. 93

Patron: Howell

Bonds for public institutions of higher learning; emergency. Authorizes issuance of bonds in an amount up to $100,869,000 for revenue-producing capital projects at James Madison University and Virginia Polytechnic Institute and State University. The bill contains an emergency clause.

A BILL to authorize the issuance of bonds, in an amount up to $100,869,000 plus financing costs, pursuant to Article X, Section 9 (c) of the Constitution of Virginia, for paying costs of acquiring, constructing, and equipping revenue-producing capital projects at institutions of higher learning of the Commonwealth; to authorize the Treasury Board, by and with the consent of the Governor, to fix the details of such bonds, to provide for the sale of such bonds, and to issue notes to borrow money in anticipation of the issuance of the bonds; to provide for the pledge of the net revenues of such capital projects and the full faith, credit, and taxing power of the Commonwealth for the payment of such bonds; to provide that the interest income on such bonds and notes shall be exempt from all taxation by the Commonwealth and any political subdivision thereof; emergency.

22102919D

EMERGENCY

S.B. 115

Patron: Howell

Capital outlay plan. Updates the six-year capital outlay plan for projects to be funded entirely or partially from general fund-supported resources.

A BILL to create a six-year capital outlay plan for projects to be funded entirely or partially from general fund–supported resources and to repeal Chapter 94 of the Acts of Assembly of 2021, Special Session I.

22103023D

S.B. 142

Patron: Edwards


Delinquent tax lands; disposition. Authorizes localities to have a special commissioner appointed to, in lieu of a sale at public auction, convey certain real estate having delinquent taxes or liens to a land bank entity or nonprofit designated to carry out the functions of a land bank entity. Currently, such real estate may only be conveyed to the locality itself. The bill also allows real estate that contains a derelict building and has delinquent taxes and liens exceeding 10 percent of its value to be conveyed via special commissioner in lieu of a sale at public auction.

A A BILL to amend and reenact § 58.1-3970.1 of the Code of Virginia, relating to delinquent tax lands; disposition.

22102827D

S.B. 212

Patron: Kiggans

Special license plates; United States Navy; Navy-Marine Corps Relief Society Fund. Authorizes the issuance of revenue-sharing special license plates with a design that incorporates the emblem of the United States Navy to active members and certain veterans of the United States Navy. The bill provides that unremarried surviving spouses of such service members may also be issued such special license plates. The bill creates the Navy-Marine Corps Relief Society Fund to utilize funds from the license plate fees to support the Navy-Marine Corps Relief Society in Virginia.

A BILL to amend and reenact § 46.2-743 of the Code of Virginia, relating to special license plates; United States Navy; Navy-Marine Corps Relief Society Fund.

22104084D

S.B. 298

Patron: Deeds

Additional local sales and use tax to support schools. Adds the City of Charlottesville to the list of localities that, under current law, are authorized to impose an additional local sales and use tax at a rate not to exceed one percent, with the revenue used only for capital projects for the construction or renovation of schools.

A BILL to amend and reenact §§ 58.1-602 and 58.1-605 of the Code of Virginia, relating to additional local sales and use tax to support schools.

22101290D

S.B. 472

Patron: McClellan

Additional local sales and use tax; use of revenues for construction or renovation of schools. Allows any county or city to levy a local general retail sales tax and a local use tax at a rate not to exceed one percent as determined by its governing body to provide revenues solely for capital projects for the construction or renovation of schools if such levy is approved in a voter referendum. Under current law, the power to levy such local sales and use taxes for the construction or renovation of schools is limited to the qualifying localities of Charlotte, Gloucester, Halifax, Henry, Mecklenburg, Northampton, Patrick, and Pittsylvania Counties and the City of Danville.

A BILL to amend and reenact §§ 58.1-602, 58.1-605.1, and 58.1-606.1 of the Code of Virginia, relating to additional local sales and use tax; use of revenues for construction or renovation of schools.

22100791D