HB 486

Abstract

Additional sales and use tax in Henry County, Northampton County, Patrick County, Pittsylvania County and the City of Danville; appropriations of Henry County, Northampton County, Patrick County, and Pittsylvania County to incorporated towns for educational purposes. Authorizes Henry County, Northampton County, Patrick County, Pittsylvania County, and the City of Danville to impose an additional local sales and use tax at a rate not to exceed one percent, as determined by the governing body, if initiated by a resolution of the local governing body and approved by the voters at a referendum. The bill requires the governing body to specify in the enacting ordinance the time period, not to exceed 20 years, for which the tax would be imposed. Revenue from the tax shall be used solely for capital projects for new construction or major renovation of schools in the locality enacting the tax.The bill removes the limit on the amount that Henry County, Northampton County, Patrick County, and Pittsylvania County may appropriate to an incorporated town that has not complied with the provisions of its charter relating to the elections of local officials. Under current law, such amount is limited to the amount the town would have received from local sales and use tax for educational purposes if such election had been held.Under current law, only Halifax County has the authority to impose such taxes and make such appropriations.

Additional sales and use tax in Henry and PittsylvaniaCounties and the City of Danville; appropriations to incorporatedtowns for educational purposes. Authorizes Henry County, PittsylvaniaCounty, and the City of Danville to impose an additional local salesand use tax at a rate not to exceed one percent, as determined bythe governing body, if initiated by a resolution of the local governingbody and approved by the voters at a referendum. The bill requires the governing body to specify in the enacting ordinance the timeperiod, not to exceed 20 years, for which the tax would be imposed.Revenue from the tax shall be used solely for capital projects fornew construction or major renovation of schools in the locality enactingthe tax. The bill removes the limiton the amount that Henry County and Pittsylvania County may appropriateto an incorporated town that has not complied with the provisionsof its charter relating to the elections of local officials. Undercurrent law, such amount is limited to the amount the town wouldhave received from local sales and use tax for educational purposesif such election had been held. Undercurrent law, only Halifax County has the authority to impose suchtaxes and make such appropriations.