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• <br /> 4. Loss of Revenue Due To Exemption of Household Property From Ad Valorem Tax <br /> It is estimated that the County would lose approximately $300,000 of property <br /> tax revenue if the General Assembly exempts household property from the tax. <br /> If the additional sales tax passes and is implemented effective September 1, <br /> L 1986, the County would have a net gain of $937,500($1,237,500 6 sales tax <br /> less $300,000 property tax) . <br /> 15. Status of Bill To Authorize Counties To Issue Debt Without Voter Approval <br /> This has been re-refirred to the House Finance Committee. Although it is not <br /> likely, it is still possible that this legislation will come out of committee <br /> and be acted upon this session. <br />