Chief Patron: Governor Warner
Portion Mobile Home and Vehicle Rental Taxes Retained by DMV

Item 480 #2h

Language
Page 343, line 18, strike "$134,113,051" and insert "$136,113,051".
Page 343, line 18, strike "$134,113,051" and insert "$136,113,051".
Page 343, line 26, at the beginning of the line, INSERT "A.".
Page 343, after line 35, insert:
"B. This appropriation includes $2,000,000 the first year and $2,000,000 the second year from nongeneral funds. The source of the nongeneral funds is the mobile home and vehicle rental taxes collected by the Department.  Notwithstanding  §
58.1-2425 of the Code of Virginia, the Department of Motor Vehicles shall retain these amounts to offset the agency's administrative costs."

Explanation
(This amendment provides the Department the authority to retain $2,000,000 each year from mobile home and vehicle rental taxes collected for administrative costs. This amount represents approximately 4.55 percent of taxes collected.)