                                 CODE OF VIRGINIA

RETURN OF LOCAL SURPLUS FUNDS (§ 15.2-2511.1)

Any locality may by ordinance develop a method for returning surplus real or
personal property tax revenues, or both, to taxpayers who are assessed such
taxes in any fiscal year in which the locality reports a surplus. The locality
may reduce a taxpayer&#8217;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.

HISTORY: 2001, c. 246; 2005, c. 835; 2022, cc. 165, 166.