2013 Session

Budget Amendments - HB1500 (Conference Report)

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Tax Costs of Implementation (language only)

Item 275 #1c

Item 275 #1c

Taxation, Department of

Page 231, line 46, strike "local income tax and/or".
Page 231, line 47, strike "The Department shall not incur such costs unless a locality(ies) takes".
Page 231, line 48, strike "action to put the tax options on a referendum".
Page 231, line 49, strike "local income tax and/or" .

(This amendment modifies existing language within the Department of Taxation to allow them to obtain a Treasury Loan to ensure they can complete the changes necessary to implement the adjustments to the general sales tax rate in the Northern Virginia and Hampton Roads regions pursuant to House Bill 2313. The language eliminates obsolete wording that referred to local income taxes and referenda. The loan would be repaid from the standard cost-recovery the Tax Department applies to all local and other non-general fund tax collection services.)