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2002 Session

Budget Amendments - SB29 (Member Request)

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Chief Patron: Governor Warner
Adjust Sales Tax Acceleration (language only)

Item 0 #10g

Item 0 #10g

Revenues
Revenues

Language
Page 1, line 45, strike "11,189,142,626" and "22,548,649,761" and insert "11,137,542,626" and "22,497,049,761".
Page 2, line 1, strike "12,342,076,106" and "24,833,905,253" and insert "12,290,476,106" and "24,782,305,253".
Page 2, line 12, strike "25,119,158,422" and "50,289,619,577" and insert "
25,067,558,422" and "50,238,019,577".


Explanation
(This amendment decreases revenue by $51,600,000 in the second year by limiting the acceleration of federal use tax collection which was proposed in the introduced budget. A companion language amendment in Part 3 of the budget bill incorporates this provision.)