HB1099:

Retail sales & use tax, additional local; use of revenues for construction or renovation of schools.

Bill Summary:

Additional local sales and use tax; use of
revenues for construction or renovation of schools. Allows any
county or city to levy a local general retail sales tax and a local
use tax at a rate not to exceed one percent as determined by its
governing body to provide revenues solely for capital projects for
the construction or renovation of schools if such levy is approved
in a voter referendum. Under current law, the power to levy such
local sales and use taxes for the construction or renovation of schools
is limited to the qualifying localities of Charlotte, Gloucester,
Halifax, Henry, Mecklenburg, Northampton, Patrick, and Pittsylvania
Counties and the City of Danville.