284#1h (TAX) Administration of Small Tobacco Mfg. Incentive Fun. HB1500 - Committee Approved

State Budget

2005 Session

Budget Amendments - HB1500 (Committee Approved)

Bill Order » Item 284 #1h

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Administration of Small Tobacco Mfg. Incentive Fun

Item 284 #1h

Item 284 #1h	First Year - FY2005	Second Year - FY2006
Finance
Taxation, Department of	FY2005 $0	FY2006 $59,400	GF
	FY2005 0.00	FY2006 1.00	FTE

Language
Page 252, line 41, strike "$38,854,042" and insert "$38,913,442".

Explanation
(This amendment provides funding and one position in the Department of Taxation for the administration of the Small Tobacco Product Manufacturers Incentive Act, pursuant to House Bill 2919.)

Item 284

Item 284	First Year - FY2005	Second Year - FY2006
Administrative and Support Services (74900)	$40,884,634	$38,854,042
General Management and Direction (74901)	FY2005 $11,741,821	FY2006 $10,290,772
Computer Services (74902)	FY2005 $29,142,813	FY2006 $28,563,270
Fund Sources:
General	FY2005 $40,834,634	FY2006 $38,804,042
Special	FY2005 $50,000	FY2006 $50,000

Authority: §§ 58.1-200, 58.1-202, and 58.1-213, Code of Virginia.

To defray the costs of administration for voluntary contributions made on individual income tax returns for taxable years beginning on or after January 1, 2003, the Department of Taxation may retain up to five percent of the contributions made to each organization, not to exceed a total of $50,000 from all organizations in any taxable year.