Virginia Senate Bill 435 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2008 - 25% progression, died in chamber
Action: 2008-01-17 - Senate: Stricken at request of patron in Education and Health by voice vote

Education; computation of composite index. Modifies the current Standards of Quality funding formula and calculation of composite index of local ability to pay to incorporate within the real estate indicator of local wealth the land-use taxation value for those properties assessed and taxed at their use value. The current composite index of local ability to pay incorporates the "true value" of real property (rather than any special use assessed values) weighted 50%, with adjusted gross income weighted at 40%, and taxable retail sales weighted at 10%, as indicators of local wealth.

Educational programs; computation of composite index.

Sen. Jill Vogel [R]

Date	Chamber	Action
2008-01-17		Senate: Stricken at request of patron in Education and Health by voice vote
2008-01-08		Senate: Referred to Committee on Education and Health
2008-01-08		Senate: Prefiled and ordered printed; offered 01/09/08 086564338

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+SB435