Finance Subcommittee #2 advanced eight bills and tabled one, with the sharpest divides over a local film industry tax zone bill (tabled 7-3) and the removal of Confederate organization tax exemptions (reported 6-3), while bills providing federal shutdown property tax relief and a land use disclosure fix passed unanimously.
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Delegate Walker argued the bill is just another tool in the economic development toolbox and that other states are benefiting from these opportunities, while Chair Watts moved to table, arguing that the state already gives $6.5 million in tax credits through the Virginia Film Office, that designating a geographic area where a tax applies or does not within a jurisdiction is problematic, and that the sales tax being collected by the state and remitted to the local makes such a bill extremely difficult to administer. The motion to table prevailed 7 to 3.
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“This bill is about making sure our tax code reflects who you are today. Not the error, the lost calls, or massive resistance. For decades, Confederate organizations have enjoyed special tax carve outs that were never about fairness. They're about preserving a narrative that held Virginia back.”
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Sign in to subscribeSubcommittee one, Subcommittee two, Finance, will come to order. We are waiting for a quorum, I believe, and so we'll go that ease. It. Subcommittee 2 of Finance has come to order. Clerk, open the roll for attendance. Members, put your attendance in on the electronic voting. All right, a quorum is present. Kirk closed the roll. Thank you. All right. Good afternoon, everyone. If we will first do some procedural pieces. We have House Bill 566 by Delegate McNamara. He has requested that this bill go by for the day. I believe I need a motion. It has been moved improperly speaking to the motion. Thank you, Madam Chair. Chair Watts, I think that's the right time to offer the reason for it. And as I was saying with just a little bit of humor, maybe somebody's listening to this meeting. The bill that McTomire has deals with the car tax. And I want to give you a history of what he has discovered as he's trying to interpret how that bill was written and what his intent may or may not be. That approximately 1999, $950 million was taken from the general fund and sent to localities based…
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