2020 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Carr
Consolidates the Process for Calculating, Collecting, and Remitting Payments in Lieu of Taxes (language only)

Item 79 #1h

Item 79 #1h

Department of General Services


Page 69, line 1, strike "Further, out of the estimated cost".

Page 69, line 1, strike "amounts".

Page 69, strike lines 2 through 19 and insert:

"The Department shall establish a sum sufficient internal service fund, which shall be paid from revenues derived from an annual charge assessed to each state agency and institution occupying real property owned by the Commonwealth of Virginia, as required, for payments in lieu of taxes to eligible counties, cities, and towns consistent with the provisions of § 58.1-3403. Further, the Department shall annually publish a list of such tax exempt properties for which payment in lieu of taxes have been paid including the county, city, or town of such property, the total assessed value of such eligible tax exempt property by locality and the rate used to calculate the amount of such service charge by locality."


(This amendment consolidates the process for calculating, collecting and remitting payments to localities for payments in lieu of taxes for tax-exempt state owned property. It also requires the Commonwealth to calculate and remit these payments consistent with the Code of Virginia.)