Retail Sales & Use Tax, additional local; use of revenues for construction or renovation of schools.

Additional local sales and use tax; use of revenuesfor construction or renovation of schools. Allows any countyor city to levy a local general retail sales tax and a local usetax at a rate not to exceed one percent as determined by its governingbody to provide revenues solely for capital projects for the constructionor renovation of schools if such levy is approved in a voter referendum.Under current law, the power to levy such local sales and use taxesfor the construction or renovation of schools is limited to the qualifyinglocalities of Charlotte, Gloucester, Halifax, Henry, Mecklenburg, Northampton, Patrick, and Pittsylvania Counties and the City of Danville.