Menu
1998 Session

Budget Amendments - SB30 (Committee Approved)

View Budget Item
View Budget Item amendments

Local Administration of Personal Property tax Reform (language only)

Item 70 #8s

Item 70 #8s

Administration
Compensation Board

Language
Page 42, following line 40, insert:
"L.1.a.  Notwithstanding the provisions of §14.1-64 and §15.2-1632.20, "Commissioner of the Revenue" as set forth in §58.1-3100 and "Treasurer" as set forth in §58.1-3123 shall be reimbursed fifty percent of any direct staff salary amounts approved by the State Compensation Board for the administration of the Personal Property Tax Relief Act of 1998.
b.  Any other direct non-personal expenses approved by the State Compensation Board for the administration of the Personal Property Tax Relief Act of 1998 shall be reimbursed at one hundred percent without regard to the fiscal stress factor set out in Item 70, paragraph H, of this Act.
2.  Pursuant to the provisions of §15.2-1636.20, towns shall be reimbursed one hundred percent of any direct salary amounts and other direct expenses approved by the State Compensation Board for the administration of the Personal Property Tax Relief Act of 1998, without regard to
the fiscal stress factor set out in Item 70, paragraph H, of this Act.
3.  The reimbursements authorized by paragraphs L.1. and L.2., of this Item are contingent upon passage of SB 439, and shall not exceed the amounts appropriated for Commissioners of the Revenue and Treasures in Items 74 and 75, of this Act, plus the $5,000,000 appropriated for administrative expenses
of the Personal Property Tax Relief Act of 1998 in Item 554, of this Act." .


Explanation
(This amendment establishes administrative guidelines for reimbursement of expenses related to the administration of the Personal Property Tax Relief Act of 1998 .)