HD16 - Implementation of Regional Taxing Authorities (Chapter 766, Enactment Clause 17., 2013 Acts of Assembly)
This report is submitted pursuant to Chapter 766 of the 2013 Acts of Assembly (HB 2313), which provides, in the 17th enactment clause:
"That the Virginia Department of Transportation, the Department of the Treasury, the Department of Taxation, and any other department or group necessary shall conduct a review of the implementation of the regional taxing authorities as provided by this act. The purpose of such review shall be to determine what additional powers and authorities regional transportation authorities, commissions, etc., may need to ensure the proper utilization of the regional revenues. Such review shall include whether bonding authority should be authorized if a local transportation entity does not already have such authority. The departments shall issue and report and make recommendations, if any are necessary, to the General Assembly no later than December 1, 2013."
Entities that participated in the production of this report include the Virginia Department of Transportation, the Department of the Treasury, and the Department of Taxation (TAX). While the Hampton Roads Transportation Planning Organization (HRTPO) and Northern Virginia Transportation Authority (NVTA or Authority) were consulted for purposes of preparing this report, no representations are made as to their concurrence or agreement with the information or recommendations contained herein.