VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2024 SESSION

• | print version

HB 1262 Local sales tax entitlement; blighted retail district.

Introduced by: Paul V. Milde | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Local sales tax entitlement; blighted retail district. Entitles a blighted retail district in Stafford County that undergoes a major reconstruction or renovation involving a capital investment of at least $15 million to the one percent local sales tax revenue generated on the premises of the project to be used towards debt service to bridge the gap between available debt and equity and the expected costs of the project. The bill states that in order to qualify for the entitlement, the project must have at least 70 percent of the funding for the project in place. The bill specifies that the blighted retail project must provide a match for the one percent local sales tax revenue.

FULL TEXT

• 01/10/24  House: Prefiled and ordered printed; offered 01/10/24 24103435D  pdf | impact statement

AMENDMENTS

• House subcommittee amendments and substitutes offered

HISTORY

• 01/10/24  House: Prefiled and ordered printed; offered 01/10/24 24103435D
• 01/10/24  House: Referred to Committee on Finance
• 02/02/24  House: Assigned Finance sub: Subcommittee #2
• 02/13/24  House: Left in Finance