2010 Session

Budget Amendments - HB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Joannou
Retain Local Revenues to Support Treasurers and Commissioners of Revenue (language only)

Item 424 #1h

Item 424 #1h

Public Safety
Compensation Board

Page 292, after line 1 insert:
"S.  Notwithstanding any other provision of the law to the contrary, beginning July 1, 2010, six percent of any local tax revenues collected by a treasurer, commissioner of revenue or department of finance of a locality shall be retained by the office and shall be deposited with the Compensation Board.  Such funds shall be deposited into a special nonreverting fund, to be created by the Comptroller, known as the "Local Finance Officers Trust Fund".  Funds deposited into the trust fund shall be used to support the operations of local treasurer, commissioner of revenues, and directors of finance offices throughout the Commonwealth."

(This amendment requires treasurers, commissioners of revenue, or departments of finance to contribute six percent of the local tax revenues they collect into a special fund which will be used to fund the operations of these offices throughout the Commonwealth.)