AGENDA DATE: 12/2/2020
TITLE:
Title
Consideration of new enabling authority to levy taxes on the sale or use of cigarettes, and two Finance and Budget tax deadline extension Ordinances
BODY
SUBJECT/PROPOSAL/REQUEST: Consideration of new enabling authority to levy taxes on the sale or use of cigarettes, an Ordinance to extend the due dates of the property taxes for the first installments of 2021, and an Ordinance to provide extensions of time to pay certain Real Property taxes when good cause exists.
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Kamptner, Bessette, Birch, Allshouse, L., Lin, Lynch, Bowman
PRESENTER (S): Nelsie Birch and Lori Allshouse
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: There are three finance-related legislative items that requires the Board's attention this fall related to the FY 22 budget development process, and to tax payment schedules.
The first item is the County's ability to levy taxes on the sale of cigarettes. During the most recent General Assembly session, Virginia counties received additional enabling legislation, including the authorization to levy taxes upon the sale of cigarettes, effective July 1, 2021. Prior to enacting such a tax, the Board is required to hold a public hearing and adopt an Ordinance.
The second item is staff's recommendation that the Board schedule a public hearing on an Ordinance to adjust the due date of the first installments of biannual taxes (Attachment A). The current payment due date of the first installments of 2021 taxes for Real Estate, Personal Property, Machinery and Tools, Mobile Homes and Public Service Corporations is June 5. In coordination with the FY 22 Budget development calendar and to provide adequate time for this year's tax billing process and for taxpayers to remit their first installments, staff recommends that the County extend the due dates for these property taxes to June 25, 2021 by Ordinance.
The third item is ...
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