2003 Session

Budget Amendments - HB1400 (Committee Approved)

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No Treasurer Funding for Tax Duties

Item 69 #1h

Item 69 #1h

First Year - FY2003 Second Year - FY2004
Compensation Board FY2003 $0 FY2004 ($2,211,737) GF

Page 61, line 7, strike "$21,292,317" and insert "$19,080,580".
Page 62, line 9, after "Virginia.", insert:
"No funding shall be made available for this program in the second year."
Page 62, after line 19, insert:
"D.  In allocating funding to treasurers' offices, the Compensation Board shall not consider activities related to the collection and processing of income taxes in determining staffing needs of treasurers' offices."

(This amendment reduces Compensation Board reimbursements to treasurers to reflect amounts paid for state tax duties. These duties can be more cost-effectively undertaken by the Department of Taxation which already receives 71 percent of the returns filed by citizens of the Commonwealth.)