§ 58.1-3920.1. Interest on funds received in prepayment of local taxes
The governing body of any county, city or town may provide, by ordinance, for a program permitting the voluntary prepayment of designated local taxes at any time before such taxes have been assessed or, if assessed, before such taxes are due and payable. The program may provide for the payment of interest at a rate established by ordinance. The governing body may further provide that, upon payment in full of any and all taxes due from such taxpayer, the accrued interest or any remaining portion thereof may be paid to the taxpayer or held in prepayment of tax obligations to be assessed at a later date, at the taxpayer's election.
(1989, c. 34.)
Sections: Previous 58.1-3916.02 58.1-3916.1 58.1-3917 58.1-3918 58.1-3919 58.1-3919.1 58.1-3920 58.1-3920.1 58.1-3921 58.1-3922 58.1-3923 58.1-3924 58.1-3925 58.1-3926 58.1-3927 NextLast modified: April 3, 2009