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HomeMy Public PortalAbout1983_04_27_R057The Town of Leesburg in Virginia PRESENTED April 27, 1983 RESOLUTION NO. 83-57 ADOPTED April 27, 1983 A RESOLUTION: RECOMMENDING A REDUCTION IN LOUDOUN COUNTY'S PERSONAL PROPERTY TAX ON AIRCRAFT WHEREAS, this council applauds Loudoun County's increased emphasis on attracting and retaining quality business and industry within the county; and WHEREAS, both Dulles International Airport and Leesburg Municipal Airport have important roles to play in the economic development strategies of both jurisdictions; and WHEREAS, both Dulles and Leesburg must compete with National Airport and airports in neighboring West Virginia and Maryland which do not impose a personal property tax on based aircraft; and WHEREAS, Loudoun County's current $1.50 per $100 personal property tax rate on aircraft discourages tWi~ p~ston, turbo prop and turbine, aircraft oper- ations at both Dulles and Leesburg; and WHEREAS, both Dulles International Airport and Leesburg Municipal Airport are presently expanding services to general aviation; and WHEREAS, air transportation in Loudoun County generates the need for few county services; and WHEREAS, a reduction in the personal property tax on aircraft will generate the following benefits: (a) Increased air carrier hub and commuter activity at Dulles Airport; (b) An increase in the number of based twin pisto~ turbo prop and turbine powered aircraft in the county; -2- (c) A competitive edge for the county in attracting aviation oriented industry and business as well as those companies which depend on corporate aircraft for transportation; (d) The major economic benefits associated with expanded economic develop- ment attributable to increased turbine aircraft based operations; (e) Expanded aviation related job opportunities in Loudoun County; and WHEREAS, the Loudoun Chamber of Commerce, Leesburg Economic Development Advisory Committee, Leesburg Airport Commission, among other~ have taken positions which support a major reduction or elimination of Loudoun County's personal property tax on aircraft; THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The Leesburg Mayor and Council ask the Loudoun County Board of Supervisors to consider the elimination of or a reduction in the county's personal property tax on aircraft to the lowest extent possible. SECTION II. Following annexation the town will levy its personal property tax on aircraft so that the ratio of Leesburg aircraft and motor vehicle per- sonal property tax is equal to the ratio of county aircraft and motor vehicle personal property taxes. RESOLUTION UNANIMOUSLY PASSED this 27th day of April , 1983. Town of Leesburg ATTEST: Clerk of ?ncil