Language Page 451, after line 25, insert:"§ 3-5.14 LIMITED RESIDENTIAL LODGING Notwithstanding any other law, any legislation passed by the 2016 Session of the General Assembly that creates a new Chapter 13.4 (§ 55-248.53 et seq.) of Title 55 of the Code of Virginia relating to the collection of taxes and the preemption of local authority regarding limited residential lodging shall not become effective until (i) such legislation is reenacted by the 2017 Session of the General Assembly and (ii) the Virginia Housing Commission completes a study regarding limited residential lodging and reports its work by December 1, 2016 to the chairmen of the Senate Committee on Finance and the House Committee on Finance."
Page 451, after line 25, insert:
"§ 3-5.14 LIMITED RESIDENTIAL LODGING
Notwithstanding any other law, any legislation passed by the 2016 Session of the General Assembly that creates a new Chapter 13.4 (§ 55-248.53 et seq.) of Title 55 of the Code of Virginia relating to the collection of taxes and the preemption of local authority regarding limited residential lodging shall not become effective until (i) such legislation is reenacted by the 2017 Session of the General Assembly and (ii) the Virginia Housing Commission completes a study regarding limited residential lodging and reports its work by December 1, 2016 to the chairmen of the Senate Committee on Finance and the House Committee on Finance."
Explanation
(This amendment requires that any legislation passed by the 2016 Session of the General Assembly that creates a new Chapter 13.4 of Title 55 of the Code of Virginia relating to the collection of taxes and the preemption of local authority regarding limited residential lodging shall not become effective until it is reenacted by the 2017 Session of the General Assembly and the Virginia Housing Commission completes a study and reports its work to the chairmen of the Senate and House Finance Committees.)