2000 Session

Budget Amendments - SB30 (Conference Report)

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Personal Property Tax Relief Program reporting (language only)

Item 506 #1c

Item 506 #1c

Transportation, Secretary of

Page 347, after line 37, insert:
"5.  The Secretary of Transportation and the Commissioner of the Department of Motor Vehicles shall report
to the Chairmen of the Senate Finance and House Appropriations Committees by November 1 of each year on the actual and projected disbursements under the Commonwealth's Personal Property Tax Relief (PPTR) program.  Such report shall include the actual reimbursements by locality from the program through the most recent fiscal year, its variance from the official estimate, and the projected disbursements by locality for the upcoming two fiscal years.  In addition, the report also shall include the methodology used in developing the projection for the upcoming two fiscal years and such other data as may be requested."

(This amendment is self-explanatory.)