2002 Session

Budget Amendments - SB29 (Member Request)

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Chief Patron: Governor Warner
Freeze Personal Property Tax Relief (language only)

Item 546 #1g

Item 546 #1g

Central Appropriations
Central Appropriations

Page 432, line 41 after "A.", insert "1."
Page 432, after line 46, insert:
"2. Localities shall be reimbursed at the 70 percent level for the first six months of tax year 2002."

(This amendment inserts language clarifying that the reimbursement rate for the personal property tax on vehicles shall be 70 percent in tax year 2002. The reference to the first six months indicates the portion of tax year 2002 that falls under the authority of House Bill/Senate Bill 29.)