SESSION history | hilite | pdf | print version 18104349DVIRGINIA SENATEACTS BILLOF NO.ASSEMBLY -- CHAPTER An Act to amend the Code of Virginia by adding a section numbered 15.2-941.1, relating to abandoned school revitalization zones.

448[S Senate448] AmendmentsApproved in  [Be ]it –enacted Februaryby 9, 2018 A BILL to amend the CodeGeneral Assembly of VirginiaVirginia: by adding a section numbered 15.2-941.1, relating to abandoned school revitalization zones  [ in coalfield region  ] .

---------- Patron Prior to Engrossment--Senator Chafin ---------- Referred to Committee on Local Government ---------- Be it enacted by the General Assembly of Virginia:

Creation of abandoned school revitalization zoneszones.  [ in coalfield region  ] .

Any locality  [ located in the coalfield region of Virginia, as defined in § 15.2-6002,   ] may establish by ordinance one or more abandoned school revitalization zones for the purpose of providing incentives to private entities to purchase or develop real property or to assemble parcels suitable for economic development that include an abandoned school site.

The incentives provided for in this section may include, but shall not be limited to, (i) reduction of permit fees, (ii) reduction of user fees, (iii) reduction of any type of gross receipts tax or any other type of  [local local  ] tax as permitted by state law, and (iv) waiver of tax liens to facilitate the sale of property, if deemed appropriate.