2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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Clarify nongeneral fund appropriation for Insurance Premiums License Tax (language only)

Item 270 #4s

Item 270 #4s

Taxation, Department of

Page 218, after line 4, insert:
"R. The Department of Taxation is hereby appropriated revenues from the assessment for expenses pursuant to §§ 38.2-400 and 38.2-403, Code of Virginia, to recover any costs related to the Insurance Premiums License Tax that are incurred by the Department of Taxation, as provided in § 58.1-2533, Code of Virginia.”

(This amendment makes a technical correction to clarify the source of the appropriation for the department’s cost recovery and corresponds to the amendment contained in the Governor’s introduced budget.)