AGENDA DATE: 7/6/2016
TITLE:
Title
Tax Ordinance Amendment
BODY
SUBJECT/PROPOSAL/REQUEST: Public Hearing to Consider Proposed Tax Ordinance Amendment
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Foley, Letteri, Kamptner, Herrick, Burrell, Lamb
PRESENTER (S): Betty Burrell
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 align the County Code with current 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 attached proposed ordinance (Attachment A) would amend eight sections of Chapter 15 (Taxation) of the County Code.
1. Sec. 15-100 - Minimum Tax Penalty - Would impose 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.
? Purpose: To discourage delinquencies and equalize the penalty for all taxpayers.
? Consequence: Would increase penalties on unpaid taxes of less than $100.
2. Sec. 15-702 - Tax Relief for Elderly/Disabled Persons - Income - Would clarify the definition of "income" for purposes of tax relief for elderly and/or disabled persons. In determining qualification for tax relief for elderly and/or disabled persons, Virginia Code ? 58.1-3212 previously provided that income include only those sources of gross income that were subject to federal income tax. The General Assembly has...
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