2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Reid
Restore Dealer Discount as Set Out in Code (language only)

Item 3-5.07 #1h

Item 3-5.07 #1h

Adjustments and Modifications to Tax Collections
Discounts and Allowances


Page 649, after line 38, insert:

"D. Beginning with the return for June 2023, due July 2023, the provisions of paragraphs A. and B. above shall be rescinded and compensation provided to dealers shall be consistent with the provisions set forth in Title 58.1 of the Code of Virginia."  


(This amendment restores the full dealer discount as set in the Code of Virginia. Restoring the dealer discount to this level will reduce revenues by approximately $86 million in fiscal year 2024.)