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2012 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Scott, James
Transfer Sales Tax from Trans to K-12

Item 447 #2h

Item 447 #2h

First Year - FY2013 Second Year - FY2014
Transportation
Transportation, Department of FY2013 ($54,410,000) FY2014 ($56,620,000) NGF

Language
Page 339, line 7, strike "$1,452,542,951" and insert "$1,398,132,951".
Page 339, line 7, strike "$1,496,703,677" and insert "$1,440,083,677".


Explanation
(This amendment removes the additional portion of the general sales and use tax deposited into the Highway Maintenance and Operating Fund in House Bill 30 as introduced pursuant to legislation to be offered to the 2012 Session of the General Assembly. A companion amendment to Item 139 appropriates the funds for public education and is used to restore the inflation adjustment removed from re-benchmarking. House Bill 983, which shifts the taxation of gasoline from a cents per gallon to a percentage basis provides an alternate method to increase funding for transportation in the long-term, thus eliminating the need to shift what currently are general fund resources to transportation.)