Bill > SB874

This bill amends the Virginia Code to add Pulaski County to the list of "qualifying localities" that are authorized to levy an additional general retail sales and use tax at a rate not exceeding one percent. The purpose of this tax is specifically to generate revenue solely for capital projects related to the construction or renovation of schools within the county. The bill modifies two sections of the existing law (§§ 58.1-602 and 58.1-605), adding "Pulaski County" to the list of counties that can impose this specialized local sales tax. This means that Pulaski County will now have the option to implement a targeted sales tax to fund school infrastructure improvements, joining other counties like Charlotte, Gloucester, Halifax, and others that already had this authorization. The tax would be administered and collected by the Tax Commissioner in the same manner as other local sales taxes, with proceeds being credited to the county's account and potentially shared with incorporated towns within the county based on existing statutory provisions.

Budget and Finance

https://lis.virginia.gov/bill-details/20251/SB874