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State Budget

2008 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Hanger
Sales Tax Credit (exemption) program for certain organizations (language only)

Item 0 #3s

Item 0 #3s
Revenues
Revenues

Language
Page 1, line 26, strike "16,610,807,276" and "17,724,737,276" and "34,335,544,552" and insert "16,609,807,276" and "17,723,737,276" and "34,334,544,552"
Page 1, line 30, strike "17,650,880,277" and "18,546,801,762" and "36,197,682,039" and insert "17,649,880,277" and "18,545,801,762" and "36,196,682,039"
Page 1, line 38, strike "41,827,837,904" and "39,012,959,890" and "80,840,797,794" and insert "41,826,837,904" and "39,011,959,890" and "80,839,797,794"

Explanation
(This amendment reduces revenue by $1.0 million per year in accordance with a proposed amendment to add Section 3-5.07 Economic Development for Virginians with Disabilities Retail Sales & Use Tax Credit to exempt up to $1.0 million in sales tax for nonprofit organizations that spend at least 75 percent of gross revenues on program services for disabled people.)

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Amendment Resources

Committee Resources

  • Committee Website HAC | SFAC 
  • Legislation in Committee HAC | SFAC 

Budget Resources

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