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FISCAL AND REGULATORY POLICY

The Dulles Regional Chamber of Commerce (DRCC) strongly supports substantive reform of Virginia’s tax and revenue system to more closely align the source of the Commonwealth’s tax revenues with the spending priorities of state and local government.  This should allow for investment in essential infrastructure that is critical to the economic health of the revenue-producing regions in Virginia, including specific support for a rebate of a percentage of the state individual income tax back to the locality from which it was collected to help address this needed investment.  Access to more diversified streams of revenue for high growth areas to support the increased costs associated with that growth, such as building new schools and roads, and paying the salaries of teachers and public safety personnel is also critical to DRCC.

The Dulles Regional Chamber urges lawmakers to support business-friendly tax policy that considers policies in other states, to ensure Virginia businesses can remain competitive in national and international markets and to fully consider of the overall economic impact of a business or industry’s presence in Virginia prior to awarding or removing any business sales tax exemption, as well as before considering any other significant change to business tax policy.

To support sound fiscal policy, DRCC supports continued investments in the “Rainy Day” Fund, the FACT Fund and targeted reserve funds as a hedge against the sluggish state economy, as well as federal spending reductions that have a disproportionate impact on the state economy. 

The Dulles Regional Chamber is also focused on the following specific issues this session:

 

  • We supports a policy change that will ensure online hotel room aggregators are held to the same regime with regard to tax collection and remittance as other brick and mortar hoteliers providing such services. This is a critical issue that impacts transient occupancy tax collection, remittance and investment, and places “bricks and mortar” entities at an unjustifiable competitive disadvantage with respect to their online counterparts.
  • In addition, DRCC strongly supports legislation to require that the state place its share of teacher pension liabilities on its financial statements given local governments have no control over decisions made with regard to the program and it could have a negative impact on their bond ratings to have those liabilities on the financial statements for local governments.

January 2014 - The Dulles Regional Chamber’s priorities for the 2014 General Assembly session.

 

Regulatory Reform

2012 Policy Position

The Dulles Regional Chamber of Commerce (DRCC) supports the substantive reform of Virginia’s tax and revenue system to more closely align the source of the Commonwealth’s tax revenues with the spending priorities of state and local governments. DRCC believes that all tax policies must be assessed against the potential impact on Virginia’s economic growth and viability, and not based solely on anticipated revenues. 

DRCC believes the state must invest in essential infrastructure that is critical to the economic health of the revenue-producing regions in Virginia in order to enable the success in these regions that benefits the entire Commonwealth. Specifically, DRCC believes high growth areas, like those in Northern Virginia, should have greater access to the income tax revenue generated by its citizens to support the increased costs associated with that growth, such as building new schools and roads, and paying the salaries of teachers and public safety personnel. 

DRCC opposes any amendment to the Virginia Constitution permitting the creation of a homestead exemption or similar tax policy that would result in higher commercial real estate taxes through creation of a new class of real property that may be exempted from local taxation. 

DRCC supports regulatory policies that emphasize the importance of strong economic growth, while ensuring rules are cost-effective and based on valid scientific and technical data.  DRCC opposes unfunded mandates or policy positions, particularly those that would require Virginia’s businesses and other taxpayers to fund the long-term costs of these mandates. 

DRCC opposes arbitrary efforts to limit or suspend growth and economic development, and opposes excessive and inconsistent regulations placed on business development or expansion.  DRCC supports the periodic review and revision of the processes by which state government permits and regulates business activities. Existing requirements that do not contribute to meaningful improvement of the application or proposal under consideration must be streamlined or eliminated where appropriate. DRCC also supports efforts to encourage business growth through streamlining government review processes.

 

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2011 Policy Position

The Dulles Regional Chamber of Commerce (DRCC) supports regulatory policies that emphasize the importance of strong economic growth, while ensuring rules are cost-effective and based on valid scientific and technical data.  DRCC believes government laws, regulations and policies should not unnecessarily restrict private property rights, and believes that private property owners should be justly compensated for any reductions in the value of their property caused by government actions. The Partnership opposes unfunded mandates or policy positions, particularly those that would require Virginia’s businesses and other taxpayers to fund the long-term costs of these mandates.

DRCC opposes arbitrary efforts to limit or suspend growth and economic development, and opposes excessive and inconsistent regulations placed on business development or expansion.  DRCC supports the periodic review and revision of the processes by which state government permits and regulates business activities. Existing requirements that do not contribute to meaningful improvement of the application or proposal under consideration must be streamlined or eliminated where appropriate. DRCC also supports efforts to encourage business growth through streamlining government review processes.

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