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19970923 1997-14ORDINANCE NO. 1997- AN ORDINANCE AMENDING SECTIONS 8-32(C) AND 8-34, ARTICLE VII, CHAPTER 8, AND SECTIONS 8-41 AND 8-43, ARTICLE VIII, CHAPTER 8 OF THE CODE OF THE CITY OF FAIRFAX, VIRGINIA CONCERNING THRESHOLD INCOME FOR REAL ESTATE TAX AND RENT RELIEF BE IT ORDAINED by the City Council of the City of Fairfax, Virginia, that the first sentence of Section 8-32(c), Article VII, Chapter 8 of the Code of the City of Fairfax, Virginia is hereby amended to read in its entirety as follows: Sec. (c) 8-32. Criteria for Exemption. The gross combined income of the owner(s) during the year immediately preceding the taxable year must be determined by the city manager to be an amount not in excess of thirf4? fortI thousand dollars ;¢-m nan an\ $40,000.00). BE IT FURTHER ORDAINED by the City Council of the City of Fairfax, Virginia, that Section 8-34, Article VII, Chapter 8 of the Code of the City of Fairfax, Virginia is hereby amended to read in its entirety as follows: Sec 8-34. Calculation of amount of exemption; limitation. For eligible owners with a gross combined income not in excess ofthiay forty thousand dollars/~'~n nnn nnx ($40,000.00) the amount of exemption from - \,,,.., u,.~ ~ ~a. xa v ] ._ real estate tax for any taxable year shall be equal to their real estate tax liability up :-: ....maximum of seven hundred dollars ($700.00). toam ........... BE IT FURTHER ORDAINED by the City Council of the City of Fairfax, Virginia, that the first sentence of Section 8-41(c), Article VIII, Chapter 8 of the Code of the City of Fairfax, Virginia is hereby amended to read in its entirety as follows: Sec. 8-4.1.. Qualifications for grants. (c) The gross combined income of the applicant(s) during the grant year shall be an amount not in excess of thirty forty thousand dollars f¢'~a ann ($4o,000.00). BE IT FURTHER ORDAINED by the City Council of the City of Fairfax, Virginia, that the first sentence of Section 8-43, Article VIII, Chapter 8 of the Code of the City of Fairfax, Virginia is hereby amended to read in its entirety as follows: 1997-14 -2 Sec. 8-43. Calculation of amount of grant; limitation. For eligible applicants with a gross combined income not in excess ofth:,~y forty thousand dollarst~,.,v,,,,,,,.,,,,jt~:'~n nrta nr,~ ($40,000.00), the amount of grant shall be equal to ten (10) percent of the actual annual rent paid for a dwelling in the city during the grant year up to a maximum of four hundred twenty dollars ($420.00). BE IT FURTHER ORDAINED by the City Council of the City of Fairfax, Virginia that the remaining provisions and subsections of those sections hereby amended shall continue to read as previously enacted. This ordinance shall become effective as provided by law. INTRODUCED: September 9, 1997 PUBLIC HEARING: September 23, 1997 ENACTED: September 23, 1997 Mayor ATTEST: The vote to adopt was approved 5-0. Councilman Mershon was absent from the meeting. Vote Councilman Coughlan Councilman Greenfield Councilwoman Lyman Councilman Mershon Councilman Rasmussen Councilman Silverthorne Aye Aye Aye Absent Aye Aye