2016 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Vogel
Department of Taxation (language only)

Item 275 #2s

Item 275 #2s

Department of Taxation


Page 221, after line 28, insert:

"W.  A sum sufficient amount is appropriated within this Item for all direct costs incurred by the Department in the collection and remission of applicable taxes on any booking transaction facilitated by a hosting platform pursuant to the Limited Residential Lodging Act.".


(Senate Bill 416 provides that hosting platforms for the booking of accommodations in the Commonwealth may collect and remit state and local taxes on behalf of hosts using their platform for remission to the Department of Taxation on a monthly basis. The Department of Taxation will then make disbursements of local revenue to the appropriate jurisdictions. The legislation provides that the Department may recover the costs of administering this program from taxes collected. Budget language is required to appropriate the revenue to the Department of Taxation from the taxes collected under SB 416 to recover the direct costs of administration incurred by the Department in implementing and collecting these taxes.)