Fairfax County supervisors might take the first step today toward a commercial and industrial tax increase that could raise nearly $110 million a year for transportation projects.
The potential tax hike is one of the major local revenue sources authorized under the statewide transportation bill approved this year by the Virginia legislature. It could add as much as 25 cents tax per $100 of value on retail, office and other non-residential space on top of Fairfax County’s existing rate of 89 cents.
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