Authorizes the city of Virginia to impose a local sales tax to fund infrastructure projects.
The bill amends the local sales tax authorization for the city of Virginia. It allows the city to impose a sales and use tax of up to one percent, approved by voters in 2018, to fund projects related to the conversion of the city's steam system. These projects include street and sidewalk improvements, underground infrastructure repairs, contaminated soil remediation, obsolete steam infrastructure removal, and improvements to the Miner's Memorial recreation complex and convention center. The tax expires 20 years after imposition or when $30,000,000 is collected, whichever comes first.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.