AGENDA DATE: 6/1/2016
TITLE:
Title
Tax Ordinance Amendments.
BODY
SUBJECT/PROPOSAL/REQUEST: Schedule a Public Hearing to Consider Proposed Tax Ordinance Amendments
ITEM TYPE: Consent Action Item
STAFF CONTACT(S): Foley, Letteri, Kamptner, Herrick, Burrell, Lamb
PRESENTER (S): N/A
LEGAL REVIEW: Yes
REVIEWED BY: Thomas C. Foley
BACKGROUND: Upon review of the County's tax regulations, the Finance Department is recommending updates and improvements to eight sections of Chapter 15, Taxation, of the Albemarle County Code. These proposed revisions are intended both to improve the County's collection practices and to bring the County Code into compliance with recent changes in state law.
STRATEGIC PLAN: Goal 4: Economic Prosperity -- Foster an environment that stimulates diversified job creation, capital investments, and tax revenues that support community goals
DISCUSSION: The proposed ordinances attached would revise eight sections of Chapter 15 (Taxation) of the County Code. Many of the proposed revisions are needed to stay current with recent changes to state law.
? Sec. 15-100 - Minimum Tax Penalty -- Imposes a $10 minimum penalty on unpaid taxes: Virginia Code
? 58.1-3916 generally allows a penalty of 10% or $10 (whichever is greater) on unpaid taxes. The corresponding provision of the County Code currently allows only a penalty of 10%. In cases where the unpaid tax is less than $100, this proposed amendment would impose the $10 minimum penalty allowed by state law.
? Sec. 15-702 - Tax Relief for the Elderly/Disabled -- Clarifies definition of "income" for purposes of tax relief for the elderly and/or disabled: In determining qualification for tax relief for the elderly and/or disabled, Virginia Code ? 58.1-3212 previously specified that income include only those sources of gross income that are subject to federal income tax. Now that the General Assembly has deleted that specification from state law, County s...
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