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2002 Session

Budget Amendments - SB30 (Member Request)

Chief Patron: Marye
Sales Tax on Food (language only)

Item 513.1 #1s

Item 513.1 #1s

Central Appropriations
Central Appropriations

Language
Page 374, after line 20, insert:
A.  Notwithstanding any other provision of law, on and after April 1, 2003 , the tax rate on food purchased for human consumption as defined in
§
58.1-611.1 of the Code of Virginia shall be one and one-half percent of the gross sales price.  The revenue from the tax shall be distributed as follows:  (i) the revenue from the tax at the rate of one half percent shall be distributed as provided in subsection A of
§
58.1-638 and (ii) the revenue from the tax at the rate of one percent shall be distributed as provided in subsections B,C, and D of
§
58.1-638."


Explanation
(This amendment reduces the state sales tax on food to one percent effective April 1, 2003.)