SB472:

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.