3-5.15#1s (Discounts and Allowances) Motor Fuels Dealer Allowance. SB29

State Budget

2010 Session

Budget Amendments - SB29 (Committee Approved)

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Motor Fuels Dealer Allowance (language only)

Item 3-5.15 #1s

Item 3-5.15 #1s
Adjustments and Modifications to Tax Collections
Discounts and Allowances

Language
Page 323, line 31, after "58.1-1021.03," strike "58.1-1720,".
Page 323, line 34, after "rate", strike the remainder of the line and insert "."
Page 381, strike line 35.

Explanation
(This amendment restores the motor fuel dealer allowance for shrinkage and evaporation that is provided since these taxes are imposed at the terminal rack and not on the retail distributor.)

Item 3-5.15

Item 3-5.15

§ 3-5.15 DISCOUNTS AND ALLOWANCES

A. Notwithstanding any other provision of law, effective beginning with the return for June, 2010 due July, 2010, the compensation available under §§ 58.1-622, 58.1-642, 58.1-656, 58.1-1021.03, 58.1-1720, and 58.1-1730 of the Code of Virginia shall be repealed.

B. Notwithstanding any other provision of law, effective on and after July 1, 2010, there shall be no discount available for revenue stamps bearing the cigarette excise tax rate, and for any discount or allowance allowed under §§ 58.1-2233, 58.1-2236, and 58.1-2256 of the Code of Virginia.

State Budget

2010 Session

Budget Amendments - SB29 (Committee Approved)

Motor Fuels Dealer Allowance (language only)

Item 3-5.15 #1s

Item 3-5.15 #1s

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Item 3-5.15