Virginia to Overhaul Tax System.

• Position: Brief Article

Virginia's governor wants to repair a tax system defined by an amalgam of state and local levies. He has named a commission to examine state and local taxation, setting a deadline of Dec. 31--two weeks before he leaves office--for it to make recommendations to him and the General Assembly. The panel would examine alternative sources of revenue for counties and cities, including guaranteeing them a portion of the income tax now entirely reserved for the state. Lawmakers, local government officials, and some corporate leaders say the...