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.)