§ 15.2-2511.1. Return of local surplus funds
Any locality may by ordinance develop a method for returning surplus real property tax revenues to taxpayers who are assessed real property taxes in any fiscal year in which the locality reports a surplus. The locality may reduce a taxpayer's refund by the amount of any taxes, penalties and interest that are due from such taxpayer, or any past-due taxes, penalties and interest that have been assessed within the appropriate period of limitations.
(2001, c. 246; 2005, c. 835.)
Sections: Previous 15.2-2501 15.2-2502 15.2-2503 15.2-2504 15.2-2505 15.2-2506 15.2-2507 15.2-2508 15.2-2509 15.2-2510 15.2-2511 15.2-2511.1 15.2-2511.2 15.2-2512 15.2-2513 NextLast modified: April 2, 2009