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WORK SESSION
AGENDA REQUEST |
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Sponsor: |
Board of Supervisors
Meeting Date: |
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Raymond E. Graham,
Chairman, Cedar Run District
Supervisor |
October
13, 2005 |
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Staff Lead: |
Department:
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Ross W. D'Urso, Commissioner
of the Revenue
Elizabeth A. Ledgerton,
Treasurer |
Commissioner's
Office
Treasurer’s
Office |
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Topic: |
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A Work Session to Discuss
Implementation of the 2004-2005 Changes to the Personal
Property Tax Relief Act of 1998 |
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Topic Description: |
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The Personal Property Tax
Relief Act of 1998, Virginia Code §§ 58.1-3523 et seq. (“PPTRA”),
has been substantially modified by the enactment of Chapter
1 of the Acts of Assembly, 2004 Special Session I (Senate
Bill 5005), and the provisions of Item 503 of Chapter 951 of
the 2005 Acts of Assembly (the 2005 revisions to the 2004-06
Appropriations Act). These legislative enactments require
the County of Fauquier to take affirmative steps to
implement these changes, and to provide for the computation
and allocation of relief provided pursuant to the Personal
Property Tax Relief Act, as revised. These legislative
enactments provide for the appropriation to the County of
Fauquier, commencing in 2006, of a fixed sum to be used
exclusively for the provision of tax relief to owners of
qualifying personal use vehicles that are subject to the
personal property tax (“PPT”). |
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Requested Action of the
Board of Supervisors:
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Conduct a work session to
review the proposed Ordinance,
review the impact of the
changes and the implementation schedule, and direct
the County Administrator to advertise the proposed Ordinance
for a public hearing. |
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Financial Impacts Analysis: |
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Since this is an allocation
issue, the immediate financial impact relates more to the
County's ability to allocate the highest level of tax
relief.
Due to growth in the tax
base and the fixed nature of the State's share, the amount
of relief will decline in each year ensuing after 2006.
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Identify any other
Departments, Organizations or Individuals that would be
affected by this request: |
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Commissioner of Revenue
Treasurer
County
Administrator
County
Attorney
Budget
Officer
Attachments:
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Proposed Ordinance
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Sample Resolution
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