Summary as introduced:
Sales and use tax; additional tax in Northern Virginia and Hampton Roads regions to fund transportation projects. Increases the state sales and use tax by one percent in all cities and counties within the Northern Virginia Transportation District and the Hampton Roads Transportation District. The revenues from such increase shall be used to fund transportation projects in such regions. The bill repeals the right of certain localities to impose a local income tax. The bill has a delayed effective date of July 1, 2003, and those portions of the bill related to Northern Virginia are contingent upon approval by a majority of persons of all the cities and counties in the Northern Virginia Transportation District voting in a joint referendum on November 5, 2002; and those portions of the bill related to Hampton Roads are contingent upon approval by a majority of persons voting in such a referendum in the Hampton Roads Transportation District.
01/18/02 Senate: Presented & ordered printed 023118568 pdf | impact statement
01/18/02 Senate: Presented & ordered printed 023118568
01/18/02 Senate: Referred to Committee on Finance
02/13/02 Senate: Letter to Joint Sub. on VA State Tax Code
02/13/02 Senate: Left in Finance