Transportation Tax Option
As part of the transportation funding initiatives which the General Assembly approved (HB3202) during its 2007 session, included was a package of major new regional and local funding options for Northern Virginia and the Hampton Roads area. As part of this package, the Northern Virginia Regional Transportation Authority (NVTA) was granted new fee and tax options. Local governments in Northern Virginia also were each given a commercial real estate tax option, a vehicle decal fee option, and an impact fee option. If implemented, all of the funds must be dedicated for transportation purposes. While the City has already implemented the vehicle license fee (which in FY 2008 added $8 for most vehicles to the existing $25 decal fee), the City has not taken action to date to implement the add-on commercial real estate tax option or the impact fee option. More Information About the Option...
On November 20, 2007 City Council established an Ad Hoc Committee to study the commercial real estate tax option. The Ad Hoc Committee undertook and completed its work by the end of February, 2008 (see #34 below). While the Ad Hoc Committee recommended that Council adopt an add-on commercial real estate tax rate of no less than two-cents, Council decided not to adopt this add-on tax at this time.
The following documents and reports were provided to the Ad Hoc Committee. To see the full report click on the item:
- Minutes
- January 22, 2008
- January 30, 2008
- February 4, 2008
- Feb. 14, 2008
- City Council docket item creating the Ad Hoc Committee
- City Council docket item creating the commercial classification
- HB3202
- 2007 Transportation Initiative House Bill 3202
- Status Report of HB3202 Implementation (as of June 12, 2007)
- New NVTA fees and taxes
- NVTA Projected FY 2008 Revenue
- Distribution of NVTA Revenue With and Without Local Commercial Real Estate Tax
- Draft City of Alexandria Comprehensive Transportation Master Plan
- NVTA Transaction 2030 Summary Report
- National Capital Region Transportation Planning Board Financially Constrained Long Range Transportation Plan
- Commercial property by City of Alexandria small area plan districts
- Example of HB3202 Special Regional Transportation District Option
- City staff memo responding to 12/31/07 Washington Post article
- Alexandria Chamber of Commerce Comments on Additional Tax on Commercial Real Property
- Summary of City of Alexandria Gross Receipts Taxes
- Proposed Homestead Exemption
- City of Alexandria Transportation Funding Sources
- City of Alexandria Funding Needs
- Apartment and Office Building Association of Metropolitan Washington Comments
- Alexandria Taxpayers United Petition
- Commercial Property Parcel by Assessment Range
- Business License (BPOL) Tax Accounts by Gross Receipt Range
- Business License (BPOL) Gross Receipts Exemption Study
- Commercial Property Parcel Assessments by Property Classification Type
- Business License (BPOL) Gross Receipts by Business Classification Type
- Business License (BPOL) Cost of Tax Relief Options for Retailers Analysis
- Draft Framework for Initial Committee Recommendations
- Comparison of City Taxes Provided by Selected Types of Businesses
- Potential Impact of the Loss of NVTA Revenues in the Proposed FY 2009 Budget and FY2009-2014 CIP
- Notification of Reduction in State Urban Transportation Capital Funds
- Potential Projects for Funding if NVTA and Urban Funds Had Not Been Cut
- Report of the AD HOC Commercial Real Estate Tax Option Study Committee