2020 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Byron
VATI Increase; Sunset of the Railroad Rolling Stock Tax Credit

Item 114 #9h

Item 114 #9h

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Department of Housing and Community Development FY2021 $0 FY2022 $20,000,000 GF

Page 97, line 48, strike "$116,738,362" and insert "$136,738,362".

Page 100, line 4, after "and", strike "$35,000,000" and insert "$55,000,000".


(This amendment provides $20,000,000 from the general fund in the second year to the Virginia Telecommunications Initiative. Increased funding would be generated from the sunset of the railroad rolling sales tax exemption through legislation in the 2020 General Assembly session. The estimate in this amendment is a placeholder until a detailed fiscal impact statement is developed.)