AGENDA DATE: 1/18/2023
TITLE:
Title
Tax Refund Approval Request
BODY
SUBJECT/PROPOSAL/REQUEST: Request to approve tax refunds for five taxpayers as required by State Code
ITEM TYPE: Consent Action Item
STAFF CONTACT(S): Richardson, Rosenberg, Bessette, Birch, Sumner, Lin
PRESENTER (S): NA
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: Virginia Code § 58.1-3981 requires that erroneous tax assessments shall be corrected and that a refund, with interest as applicable, be paid back to the taxpayer. Tax refunds resulting from erroneous assessment over $10,000 must be approved by the Board of Supervisors before any payments are made.
STRATEGIC PLAN: Mission - To enhance the well-being and quality of life for all community members through the provision of the of the highest level of public service consistent with the prudent use of public funds.
DISCUSSION: The Department of Finance and Budget is requesting approval from the Board for five tax refunds to conform with Virginia Code § 58.1-3981. Each refund amount listed below has been reviewed and certified by staff and the Chief Financial Officer with consent of the County Attorney’s Office.
If approved,
$13,769.72 will be refunded to Mid Atlantic Car Wash Technology Inc. due to business closure.
$10,387.63 will be refunded to Beechwood Management LLC due to taxpayer overpayment.
$13,703.45 will be refunded to Buckingham Branch Railroad due to assessment change from State.
$23,118.82 will be refunded to Sprint Spectrum Realty Company LLC due to assessment change from State.
$13,679.29 will be refunded to Marshalls of MA, INC due to business overestimation.
BUDGET IMPACT: Staff does not anticipate a budget impact associated with the recommended Board action. Tax refunds are a customary part of the revenue collection process and refund expectations are included in the annual revenue budget assumptions.
RECOMMENDATION:
Recommendation
Staff recommends that the Board approves the refund request and authorizes the Department of Finance and Budget to initiate the refund payments.
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