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HomeMy Public PortalAbout2014_02_25_R026 Initiating Amendments to the TC to Eliminate PP Tax Proration The Town of Leesburg, Virginia PRESENTED February 25, 2014 RESOLUTION NO. 2014-026 ADOPTED February 25, 2014 A RESOLUTION: TO INITIATE TOWN CODE AMENDMENTS TO ELIMINATE THE PRORATION OF PERSONAL PROPERTY TAXES; ELIMINATE THE PRORATION OF MOTOR VEHICLE LICENSE FEES; TO AMEND THE DUE DATE FOR THE PAYMENT OF PERSONAL PROPERTY TAXES FROM OCTOBER 5TH TO MAY 5TH; AND TO AMEND THE DATE FOR THE DURATION OF THE MOTOR VEHICLE LICENSE YEAR WHEREAS, Code of Virginia of 1950, as amended § 46.2- 752 (A)(Taxes and license fees imposed by counties, cities, and towns; limitations on amounts; disposition of revenues; requiring evidence of payment of personal property taxes and certain fines; prohibiting display of licenses after expiration; failure to display valid local license required by other localities; penalty) allows local governments to prorate personal property taxes and motor vehicle license fees and the Town currently prorates both personal property taxes and motor vehicle license fees; and WHEREAS,proration of personal property taxes and license fees can cause taxpayer confusion; and WHEREAS, elimination of the proration of personal property taxes and motor vehicle license fees will simplify payments for customers and enhance customer service as well as reduce staff resources in that a supplemental billing or payment of refunds will no longer be required for personal property sited in the Town or leaving the Town prior to the assessment date. THEREFORE, RESOLVED, by the Council of the Town of Leesburg in Virginia that Town Code amendments are hereby initiated to eliminate the proration of personal property taxes and license fees; eliminate the proration of motor vehicle license fees; to amend the due date for the payment of personal taxes from October 5t to May 5th; and to amend the date for the duration of motor vehicle license year to coincide with the tax year. -2- A RESOLUTION: RESOLUTION TO INITIATE TOWN CODE AMENDMENTS TO ELIMINATE THE PRORATION OF PERSONAL PROPERTY TAXES; ELIMINATE THE PRORATION OF MOTOR VEHICLE LICENSE FEES; TO AMEND THE DUE DATE FOR THE PAYMENT OF PERSONAL PROPERTY TAXES FROM OCTOBER 5TH TO MAY 5TH; AND TO AMEND THE DATE FOR THE DURATION OF THE MOTOR VEHICLE LICENSE YEAR PASSED this 25th day of February,2014. -n C. Umstatt , Mayor Town of Leesburg ATT,ST Clerk of Co nc 1 P:\Resolutions\2014\0225 Initiating TC Amendments Eliminating Proration of PP Taxes.doc