HD19 - Report of the Personal Property Pro-Ration Subcommittee of the House Finance Committee

  • Published: 1978
  • Author: Personal Property Pro-Ration Subcommittee of the House Finance Committee
  • Enabling Authority: Rules of the House of Delegates (1978)

Executive Summary:

This subcommittee has been charged with examining the feasibility of a pro-ration method of taxing tangible personal property in lieu of the present system in the Commonwealth of Virginia. The recommendations of this subcommittee will hopefully lead to more equity in the administration of the tangible personal property tax and resolve the issues of pro-ration which reappear at each session of the General Assembly.