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State Budget

2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Woodrum
Co-Patron(s): Bloxom
Car Tax Relief Set at 47.5%

Item 510 #2h

Item 510 #2h

 First Year - FY2003 Second Year - FY2004
Central Appropriations
Central Appropriations FY2003 ($85,844,356) FY2004 ($390,938,254) GF

Language
Page 364, line 28, strike "$819,244,356" and insert "$733,400,000".
Page 364, line 28, strike "$966,738,254" and insert "$575,800,000".
Page 364, line 31, strike "819,244,356" and insert "$733,400,000".
Page 364, line 32, strike
"966,738,254" and insert "$575,800,000".
Page 364, line 31, after "A." insert "1.".
Page 364, after line 35, insert:
"2.  Effective January 1, 2003 for the tax year 2003, through the tax year beginning January 1, 2004, localities shall be reimbursed at the 47.5 percent level under the equitable tax relief from personal property on vehicles program ."

Explanation
(This amendment reduces car tax relief to 47.5 percent in tax years 2003 and 2004. The savings generated are redirected to salary increases for all employee groups in a companion amendment.)

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Amendment Resources

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