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2006 Special Session I

Budget Amendments - HB5002 (Committee Approved)

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Eliminate AST Language (language only)

Item 3-5.05 #1h

Item 3-5.05 #1h

Adjustments and Modifications to Tax Collections
Implementation of Chapter 3, Acts of Assembly of 2004, Special Session I

Language
Page 483, line 39, strike "A."
Page 483, strike line 45 through line 47.
Page 484, strike line 1 through line 3.


Explanation
(This amendment eliminates language relating to the transfer of the share of accelerated sales tax revenues generated by the portion of sales and use tax revenues dedicated to the Transportation Trust Fund. With the elimination of accelerated sales tax, this paragraph is no longer needed.)