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2008 Session

Budget Amendments - HB30 (Conference Report)

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Transportation to Retain Titling Tax

Item 443 #2c

Item 443 #2c

First Year - FY2009 Second Year - FY2010
Transportation
Motor Vehicles, Department of FY2009 ($1,495,109) FY2010 ($2,990,218) NGF

Language
Page 396, line 1, strike "$69,129,188" and insert "$67,634,079".
Page 396, line 1, strike "$69,129,188" and insert "$66,138,970".
Page 397, line 20, strike "one-half" and insert "one-quarter".
Page 397, line 21, after "motor vehicles" insert, "in the first year".


Explanation
(This amendment authorizes DMV to retain one-quarter of one percent of the revenues generated by the titling tax in the first year to cover the costs of collecting the taxes.)