2015 Session

Budget Amendments - HB1400 (Conference Report)

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Tax Department Report (language only)

Item 269 #1c

Item 269 #1c

Department of Taxation

Page 224, after line 49, insert:
"D.  The Department of Taxation shall report on a quarterly basis, beginning on July 1, 2015, to the Chairmen of the House Appropriations, House Finance and Senate Finance Committees, on the amount of state sales and use tax revenues authorized to be remitted under the provisions of § 58.1-608.3, § 58.1-3851.1, and § 58.1-3851.2, of the Code of Virginia, as amended by the 2015 General Assembly."

(This amendment requires a quarterly report on the amount of state sales and use tax that is remitted to certain public facilities and local tourism projects to assist with debt financing.)