2005 Session

Budget Amendments - HB1500 (Member Request)

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Chief Patron: Ware
Impact of Elimination of Sales Tax Exemption

Item 482 #1h

Item 482 #1h

First Year - FY2005 Second Year - FY2006
Rail and Public Transportation, Department of FY2005 $0 FY2006 $500,000 GF

Page 433, line 24, strike "$152,129,341" and insert "$152,629,341".

(This amendment provides $500,000 from the general fund in the second year to the Department of Rail and Public Transportation to offset the loss of sales and use tax exemptions for Alexandria Transit, Greater Richmond Transit Company, Greater Roanoke Transit Company and Greater Lynchburg Transit Company. The sales tax exemption for these entities was eliminated pursuant to the provisions of House Bill 5018 of Special Session 1 of the 2004 General Assembly. House Bill 2599 of the 2005 General Assembly Session proposes to restore the exemption for these entities.)