Virginia 2024 Regular Session

Virginia House Bill HB60

Introduced
12/22/23  

Caption

Sales and use tax, local; construction or renovation of schools in Prince Edward County.

Impact

This bill significantly impacts state laws associated with local taxation and education funding. By granting the authority to impose a sales tax for specific educational purposes, local governments can directly influence the financial resources available for school improvements. This could lead to better-maintained facilities and enhanced educational environments. However, it may also raise concerns regarding the equitable distribution of educational resources among varying localities, potentially benefitting those with a more substantial retail presence.

Summary

House Bill 60 addresses the implementation and regulation of sales and use tax specifically related to the construction and renovation of schools within Prince Edward County. It permits the local governing bodies and city councils to levy a general retail sales tax at a rate of up to one percent to enhance funding for the school's general fund. This bill aims to provide localities with more financial independence in managing educational facilities and improvements by enabling them to generate additional revenue through local sales taxes.

Contention

Notable points of contention concerning HB60 revolve around the implications of empowering local entities to levy additional taxes. Some legislators express concerns that this could inadvertently lead to a fragmented financial landscape, where wealthier localities can raise more funds for their schools compared to less affluent areas. Additionally, the reliance on sales tax may disproportionately affect lower-income families who may struggle with increased costs of goods and services due to this tax. Balancing the need for improved local education facilities while ensuring fair financial practices across communities is a crucial challenge that this bill brings to light.

Companion Bills

No companion bills found.

Previously Filed As

VA HB1605

Local sales and use tax; construction or renovation of schools, Prince Edward County.

VA SB1287

Sales and use tax, additional local; taxes to support schools.

VA HB2316

Sales and use tax, local; additional tax authorized in all counties & cities to support schools.

VA SB1408

Sales and use tax, local; additional tax authorized in all counties & cities to support schools.

VA HB2442

Sales tax; additional local tax for schools in City of Newport News.

VA HB1190

Motor vehicle sales and use tax; definition of sale price.

VA HB1677

Retail Sales and Use Tax; diagnostic work for automotive repair and emergency roadside service.

VA HB1540

Solid waste disposal; adds Prince Edward County to list of counties that may levy a fee.

VA HB2416

Retail Sales & Use Tax; exemption fee for a child restraint device.

VA SB798

Individuals with disabilities; terminology.

Similar Bills

VA SB432

Sales tax; clarifies definition of "accommodations," effective dates.

VA HB518

Sales and transient occupancy taxes; accommodations intermediaries.

VA SB651

Sales and transient occupancy taxes; accommodations intermediaries, report.

VA HB274

Sales and transient occupancy taxes; broadens definition of accommodations intermediaries.

VA SB553

Sales and transient occupancy taxes; broadens definition of accommodations intermediaries.

VA HB1560

Sales and use tax; accommodations for transients.

VA HB1437

Sales tax; school construction.

VA HB263

Retail Sales and Use Tax; accommodations for transients.