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HomeMy Public PortalAbout2010_01_12_R009 - Opposing Increase in Aircraft Personal Property Tax~~ F2t((' ~ ~tt~,~i fa~E ~f {.it PItESI~itir`I'I'sI) Jantaiy 12,20I(} RESOLiITIONNO:; 201Q-ti09 ADOPTED January l2,2(}It7 A ItIsSOLI7'I'ION' dPPOS1N{t AN iNCRI:ASI3 Iiti TFIL' LOI1DOIllti COt7i~t'I'Y1'I'sI~S{}NAI~ PROPERTY TAX FOR AIRCIZrlF1' GVIIEREAS, the Loudourt Cowrt~ Board 4f supervisors initiallvdccreased the personal pt'ctperty tax fnr au~craftto $.41thundredofassessed ~~ahre to enhance econantic de~~eioptneiit in Loudoirn; ritd ~VHEPal~;t3S, khe Loudortn Count} Batuvlcoitsidet•ed; btrt didnot ehangetlie personal popcrty tax Irtr airciaf~ iii 2taOc1, and WFIBJ~1/r1S; the Louts©un County8oardof ~uperv}sot's decision itotto c~haugc tlTe aircraft tiar~ottal property tax rate Iasi year is having a positive cconotriic irnpact'at the Leesburg Executive Ar~iort aiid the l.audettn Count}~ L;coiiom}~'; anti Zy~THREAS, tlte'I otivn of Leesi3uig and I~oiidoun County bencfitted fiotn additional L7usiness rc}=eitucs gained ftoatt hints moving fiontjitrisclicliots tvitlt lughcr taxation; aittl 1YI IEI2IsAS, the "I`own of Leesburg depanded z?n the Loudoun County Z3oaid of Supervisor's deersion not to clratige the aircra8 personal proleity tax cote in ot•dei•to nakc si~uificant cai~ital itnpi•ovetneiits at Leesburg lxeetitive Airpoi2;, at7t1 WI IF,RI;AS; ar3}• increase in aircraft peisoatsil property taxes tti•I1 likely result in sigtiticant vacancies at Leesburg IJxccuti~~e Airpot't, rind atterit€ant financial distress; anti WI I~:ItL;t1S, C)ulles Irtternation<il Airport ~3rI1 also suffer ^egative economic consequences iJ'ilte arciafT'tax is raised. e~_ A It~,SnLU`t'I~:V: {}F'P{)SI~]G Ah~ II?ICRLASF- IN `I'Hti L(~L'I){)I7`J {,'{~iJNTY PIsItS{}NAL PR~P1It"fY'I'.AX F{~I2 AIItCItF,I P 1"FIF.It~:I~'{}IZFs; RPSOI,VFD by the Coeaarcil of thc'I'~iNx1 of Lt;esburg ici Virginia tai f©tlorvs: The T,eesh~srg Taivn Council hereby str©ngt3' opTaoses fir increaso in ttse County's PersolFat Property I'ax f`or Aiacraft. PASSIJD this. i2o, daj~ of Jamta 2010. K~ist~n C, T rilst~tt~t 19ayor `I'owa of Iseestuzg P:1Resolutionsd2es41ueons 29191~7t 12 B©S,~iruraft Tai Reso7ution.i{ou