2018 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Garrett
Elimination of Partial Year Vehicle Registration Refunds

Item 439 #11h

Item 439 #11h

First Year - FY2019 Second Year - FY2020
Department of Motor Vehicles FY2019 $3,200,000 FY2020 $3,200,000 NGF

Page 385, line 43, strike "$201,197,223" and insert "$204,397,223".
Page 385, line 43, strike "$198,657,741" and insert "$201,857,741".

Page 387, after line 48, insert:

"P. Notwithstanding § 46.2-688, Code of Virginia, the Department of Motor Vehicles shall not be required to refund a proration of the total cost of a motor vehicle registration when less than a year remains in the registration period.  The annual savings shall be retained by the department and used to meet its ongoing operating expenses."


(This amendment would authorize the DMV to eliminate the provision of refunds for partial-year vehicle registrations when vehicles are sold or registrations otherwise ended. Eliminating the refund of partial year registrations is estimated to generate an additional $3.2 million in nongeneral fund revenue for the department each year.)