SB14 - Sales and use tax, local; additional tax authorized in counties & cities to support schools.
Jeremy S. McPike, Creigh Deeds, Jennifer D. Carroll Foy
Last updated 8 months ago
9 Co-Sponsors
Additional local sales and use tax to support schools; referendum. Authorizes all counties and cities 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 if such levy is approved in a voter referendum. The bill removes the requirement that such a tax must have an expiration date on either (i) the date of the repayment of any bonds or loans used for such capital projects or (ii) a date chosen by the governing body. Under current law, only Charlotte, Gloucester, Halifax, Henry, Mecklenburg, Northampton, Patrick, and Pittsylvania Counties and the City of Danville are authorized to impose such a tax.
STATUS
Vetoed
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