Bill Text: VA HB267 | 2022 | Regular Session | Prefiled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Taxes, local; surplus revenues.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2022-04-07 - Governor: Acts of Assembly Chapter text (CHAP0165) [HB267 Detail]
Download: Virginia-2022-HB267-Prefiled.html
Bill Title: Taxes, local; surplus revenues.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2022-04-07 - Governor: Acts of Assembly Chapter text (CHAP0165) [HB267 Detail]
Download: Virginia-2022-HB267-Prefiled.html
22101096D
HOUSE BILL NO. 267
Offered January 12, 2022
Prefiled January 11, 2022
A BILL to amend and reenact §15.2-2511.1 of the Code of
Virginia, relating to local taxes; surplus revenues.
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Patron-- McNamara
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Committee Referral Pending
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Be it enacted by the General Assembly of Virginia:
1. That §15.2-2511.1 of the Code of Virginia is amended and reenacted as follows:
§15.2-2511.1. Return of local surplus funds.
Any locality may by ordinance develop a method for returning
surplus real or personal
property tax revenues, or both,
to taxpayers who are assessed real property such taxes in any fiscal year
in which the locality reports a surplus. The locality may reduce a taxpayer's
refund by the amount of any taxes, penalties,
and interest that are due from such taxpayer, or any past-due taxes, penalties, and interest that have been
assessed within the appropriate period of limitations.