Henrico County VA
General Assembly 2011

Defense production zone classification signed into law

Henrico sought new zones to attract companies
Virginia Governor Bob McDonnell signed a number of pieces of legislation into law April 7 at the Virginia Biotechnology Park in Richmond, including Senate Bill 999/House Bill 1822, which creates a separate classification of machinery and tools designed and used directly in manufacturing or processing materials, components or equipment for national defense and authorized localities to create Local Defense Production Zones, within which such machinery and tools could be taxed at a rate less than the rate generally applicable to such materials.

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The Rotary Club of Innsbrook meets every Thursday at 7:30 a.m. at The Place at Innsbrook. For details, visit http://www.innsbrookrotary.org Full text

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