2010 Session

Budget Amendments - HB30 (Conference Report)

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Tax Cost Recoveries (language only)

Item 3-1.01 #11c

Item 3-1.01 #11c

Interfund Transfers

Page 372, after line 27, insert:
"MM.  The provisions of Chapter 6.2, Title 58.1, Code of Virginia, notwithstanding, on or before June 30 each year the State Comptroller shall transfer to the general fund from the proceeds of the Virginia Communications Sales and Use Tax (fund 0721), the Department of Taxation’s indirect costs of administering this tax estimated at $87,500 the first year and $87,500 the second year."

(This amendment provides for the collection of indirect costs associated with the administration of the Communications Sales and Use Tax.)