2020 Session

Budget Amendments - HB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Cole M.
HB 363 - Reimburse Local Governments for State Manadated Tax Break

Item 273 #1h

Item 273 #1h

First Year - FY2021 Second Year - FY2022
Department of Accounts Transfer Payments FY2021 $50,000,000 FY2022 $50,000,000 GF

Page 253, line 18, strike "$582,895,000" and insert "$632,895,000".
Page 253, line 18, strike "$582,895,000" and insert "$632,895,000".

Page 254, after line 15, insert:

"E. Out of the amounts included in this item, amounts estimated at $50,000,000 the first year and $50,000,000 the second year from the general fund is provided to effectuate the provisions of House Bill 363 of the 2020 General Assembly Session which requires the Commonwealth to subsidize local real estate tax relief for disabled veterans and surviving spouses of members of the armed forces killed in action when more than one percent of a locality's real estate tax base is lost due to such state-mandated tax relief programs."


(This amendment provides $50.0 million each year to reimburse localities for the cost of local real estate relief mandated by the state pursuant to the provisions of House Bill 363.)