284#1s (TAX) Local Option Sales Tax for WMATA. SB5001 - Committee Approved

State Budget

2006 Special Session I

Budget Amendments - SB5001 (Committee Approved)

Bill Order » Item 284 #1s

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Local Option Sales Tax for WMATA

Item 284 #1s

Item 284 #1s	First Year - FY2005	Second Year - FY2006
Finance
Taxation, Department of	FY2005 $0	FY2006 $243,000	GF

Language
Page 65, line 41, strike "$38,854,042" and insert "$39,097,042".

Explanation
(This amendment provides $243,000 GF the second year for administrative expenses related to implementation of the local option sales tax for the Washington Metropolitan Area Transportation authority.)

Item 284

Item 284 (Not set out)	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.