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2008 Session

Budget Amendments - HB30 (Committee Approved)

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Transportation to Retain Titling Tax

Item 443 #2h

Item 443 #2h

First Year - FY2009 Second Year - FY2010
Transportation
Motor Vehicles, Department of FY2009 ($2,990,218) FY2010 ($2,990,218) NGF

Language
Page 396, line 1, strike "$69,129,188" and insert "$66,138,970".
Page 396, line 1, strike "$69,129,188" and insert "$66,138,970".
Page 397, strike line 19 through line 23.


Explanation
(This amendment eliminates the proposal to allow DMV to retain one-half of one percent of the revenues generated by the titling tax. Currently one-third of these revenues are deposited into the Transportation Trust Fund and two-thirds into the Highway Maintenance and Operating Fund.)