2022 Special Session I

Budget Amendments - HB30 (Conference Report)

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Reflect Elimination of Sales Tax on Food

Item 464 #1c

Item 464 #1c

First Year - FY2023 Second Year - FY2024
Virginia Port Authority FY2023 ($671,300) FY2024 ($1,657,425) NGF

Page 481, line 32, strike "$121,738,924" and insert "$121,067,624".
Page 481, line 32, strike "$127,538,924" and insert "$125,881,499".


(This amendment reduces Commonwealth Transportation Fund revenues by $2.3 million from the nongeneral fund over the biennium to reflect the elimination of the state portion of sales tax levied on food for human consumption and personal hygiene products. While the general fund forecast was adjusted for this proposed policy change, the introduced budget did not make an explicit downward adjustment to Commonwealth Transportation Fund revenues. The conference report includes companion amendments to adjust funding across the Secretariat to reflect the tax reduction.)